Shares of Vacasa, Inc. (NASDAQ:VCSA - Get Rating) have been given an average recommendation of "Moderate Buy" by the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.67.
Several equities analysts have commented on VCSA shares. JPMorgan Chase & Co. dropped their price target on shares of Vacasa from $9.00 to $6.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 29th. The Goldman Sachs Group dropped their price target on shares of Vacasa from $9.00 to $5.50 and set a "neutral" rating on the stock in a research note on Thursday, June 9th. Finally, JMP Securities dropped their price target on shares of Vacasa from $12.00 to $6.50 and set a "mkt outperform" rating on the stock in a research note on Thursday, June 9th.
Shares of NASDAQ:VCSA opened at $3.01 on Tuesday. Vacasa has a fifty-two week low of $2.42 and a fifty-two week high of $11.00. The company has a 50 day moving average price of $4.42.
In other Vacasa news, Director Karl Mr. Peterson bought 500,000 shares of Vacasa stock in a transaction on Wednesday, June 15th. The stock was bought at an average price of $2.77 per share, with a total value of $1,385,000.00. Following the completion of the acquisition, the director now owns 1,590,659 shares in the company, valued at $4,406,125.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Breon sold 36,286 shares of the firm's stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $3.75, for a total value of $136,072.50. Following the completion of the sale, the director now directly owns 4,054,589 shares of the company's stock, valued at approximately $15,204,708.75. The disclosure for this sale can be found here. Company insiders own 37.00% of the company's stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Vacasa in the first quarter valued at $133,000. Capital World Investors raised its stake in shares of Vacasa by 22.6% during the 1st quarter. Capital World Investors now owns 4,499,053 shares of the company's stock worth $37,207,000 after buying an additional 828,497 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Vacasa during the 1st quarter worth $205,000. Mirabella Financial Services LLP acquired a new position in shares of Vacasa during the 1st quarter worth $139,000. Finally, Jane Street Group LLC acquired a new position in shares of Vacasa during the 1st quarter worth $278,000. 36.21% of the stock is owned by institutional investors.
Vacasa Company Profile (Get Rating)
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 the Vacasa Guest App. It also provides services to buy and sell vacation homes through its network of real estate agents.
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