Vacasa (NASDAQ:VCSA) PT Lowered to $9.50 at The Goldman Sachs Group

Vacasa (NASDAQ:VCSA) had its target price decreased by The Goldman Sachs Group from $11.00 to $9.50 in a research note published on Monday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on VCSA. Needham & Company LLC dropped their target price on Vacasa from $12.00 to $10.00 and set a buy rating for the company in a research report on Thursday, February 29th. JPMorgan Chase & Co. lifted their target price on Vacasa from $8.00 to $10.00 and gave the company a neutral rating in a research report on Thursday, February 29th. Finally, JMP Securities downgraded Vacasa from an outperform rating to a market perform rating in a research report on Thursday, February 29th.

Vacasa Trading Up 5.4 %

Shares of NASDAQ:VCSA opened at $6.78 on Monday. The business has a 50-day moving average price of $7.37 and a 200 day moving average price of $7.83. The company has a market capitalization of $151.80 million, a price-to-earnings ratio of -0.28 and a beta of 0.87. Vacasa has a 12-month low of $5.62 and a 12-month high of $17.80.

Vacasa (NASDAQ:VCSA) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($3.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($6.82) by $3.34. The firm had revenue of $177.44 million during the quarter, compared to the consensus estimate of $176.03 million. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. As a group, equities research analysts predict that Vacasa will post -3.98 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Mossytree Inc. sold 7,400 shares of Vacasa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $9.05, for a total value of $66,970.00. Following the completion of the transaction, the insider now owns 213,812 shares in the company, valued at approximately $1,934,998.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 59,700 shares of company stock worth $546,147. 11.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vacasa

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Vacasa by 1.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock worth $311,000 after purchasing an additional 11,450 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Vacasa during the fourth quarter worth approximately $110,000. Palogic Value Management L.P. purchased a new stake in Vacasa during the fourth quarter worth approximately $1,085,000. Finally, 683 Capital Management LLC lifted its stake in Vacasa by 86.1% during the third quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock worth $692,000 after purchasing an additional 694,124 shares during the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

Vacasa Company Profile

Vacasa, Inc operates vacation rental management platform in North America, Belize, and Costa Rica. The company enables guests to search, discover, and book its properties on Vacasa.com and its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.