Vacasa (NASDAQ:VCSA - Get Free Report) had its target price decreased by investment analysts at The Goldman Sachs Group from $11.00 to $9.50 in a research report issued on Monday, Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's target price indicates a potential upside of 61.56% from the company's current price.
VCSA has been the subject of several other reports. 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. raised their target price on shares of Vacasa from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC cut their target price on shares of Vacasa from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, February 29th.
Check Out Our Latest Report on VCSA
Vacasa Trading Down 1.5 %
Vacasa stock traded down $0.09 during midday trading on Monday, hitting $5.88. The stock had a trading volume of 57,054 shares, compared to its average volume of 66,173. Vacasa has a 52-week low of $5.62 and a 52-week high of $17.80. The company has a market capitalization of $131.62 million, a PE ratio of -0.24 and a beta of 0.87. The firm's fifty day moving average is $7.55 and its two-hundred day moving average is $7.88.
Vacasa (NASDAQ:VCSA - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($3.48) earnings per share for the quarter, beating analysts' consensus estimates of ($6.82) by $3.34. The company had revenue of $177.44 million for the quarter, compared to analysts' expectations of $176.03 million. Vacasa had a negative net margin of 26.72% and a positive return on equity of 56.86%. As a group, equities research analysts predict that Vacasa will post -3.98 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Vacasa news, major shareholder Mossytree Inc. sold 7,400 shares of Vacasa stock in a transaction on Monday, February 5th. The shares were sold at an average price of $8.97, for a total value of $66,378.00. Following the completion of the transaction, the insider now directly owns 228,612 shares of the company's stock, valued at approximately $2,050,649.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 64,700 shares of company stock valued at $583,997 in the last three months. Corporate insiders own 46.77% of the company's stock.
Institutional Investors Weigh In On Vacasa
Several institutional investors have recently made changes to their positions in the company. 683 Capital Management LLC lifted its holdings in shares of Vacasa by 86.1% in the 3rd quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company's stock worth $692,000 after acquiring an additional 694,124 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Vacasa by 1.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company's stock worth $311,000 after acquiring an additional 11,450 shares during the last quarter. Palogic Value Management L.P. bought a new stake in shares of Vacasa in the 4th quarter worth about $1,085,000. Finally, Brown Advisory Inc. bought a new stake in Vacasa during the 4th quarter valued at about $110,000. Institutional investors own 82.48% of the company's stock.
About Vacasa
(
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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.
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