Needham & Company LLC Has Lowered Expectations for Vacasa (NASDAQ:VCSA) Stock Price

Vacasa (NASDAQ:VCSA) had its price objective reduced by Needham & Company LLC from $5.00 to $3.25 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group lowered their price target on Vacasa from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Vacasa Trading Up 2.2 %

Vacasa stock opened at $3.23 on Monday. Vacasa has a one year low of $2.07 and a one year high of $11.70. The company’s fifty day moving average price is $2.99 and its two-hundred day moving average price is $3.92. The company has a market capitalization of $72.93 million, a price-to-earnings ratio of -0.38 and a beta of 0.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.80.

Institutional Investors Weigh In On Vacasa

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers bought a new stake in Vacasa in the 2nd quarter valued at $50,000. National Bank of Canada FI increased its holdings in shares of Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock worth $296,000 after purchasing an additional 11,378 shares during the period. Renaissance Technologies LLC raised its position in shares of Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after buying an additional 19,500 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Vacasa in the second quarter valued at about $124,000. Finally, BNP Paribas Financial Markets grew its position in Vacasa by 1,286.7% during the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after buying an additional 37,031 shares in the last quarter. Institutional investors and hedge funds 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.