Vacasa (NASDAQ:VCSA - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.50) by $1.07, Zacks reports. The business had revenue of $209.47 million for the quarter, compared to the consensus estimate of $209.94 million. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. During the same period in the prior year, the business earned ($2.00) earnings per share.
Vacasa Trading Down 8.0 %
Shares of VCSA stock traded down $0.52 on Friday, reaching $5.99. 238,589 shares of the stock were exchanged, compared to its average volume of 54,187. Vacasa has a 1-year low of $5.60 and a 1-year high of $16.80. The firm has a 50 day moving average of $6.82 and a two-hundred day moving average of $7.72.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on VCSA shares. JMP Securities cut shares of Vacasa from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. lifted their target price on shares of Vacasa from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. The Goldman Sachs Group reduced their price target on Vacasa from $11.00 to $9.50 and set a "neutral" rating on the stock in a research note on Monday, April 22nd. Finally, Needham & Company LLC lowered their price objective on Vacasa from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday.
Read Our Latest Stock Report on VCSA
Insider Buying and Selling at Vacasa
In related news, major shareholder Mossytree Inc. sold 12,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $9.24, for a total value of $115,500.00. Following the transaction, the insider now owns 712,505 shares in the company, valued at $6,583,546.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $346,125. Company insiders own 11.21% of the company's stock.
About Vacasa
(
Get Free Report)
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.
Further Reading
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