Vacasa (NASDAQ:VCSA) Price Target Lowered to $8.00 at Needham & Company LLC

Vacasa (NASDAQ:VCSA - Free Report) had its price objective decreased by Needham & Company LLC from $10.00 to $8.00 in a research report sent to investors on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. JMP Securities lowered Vacasa from an outperform rating to a market perform rating in a research report 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 report on Monday, April 22nd. Finally, JPMorgan Chase & Co. increased their price target on Vacasa from $8.00 to $10.00 and gave the company a neutral rating in a research report on Thursday, February 29th.

Vacasa Stock Performance

Shares of NASDAQ VCSA traded down $0.52 during mid-day trading on Friday, reaching $5.99. 238,589 shares of the company's stock were exchanged, compared to its average volume of 54,187. Vacasa has a 52-week low of $5.60 and a 52-week high of $16.80. The company's 50-day moving average is $6.82 and its 200-day moving average is $7.72.

Vacasa (NASDAQ:VCSA - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($1.43) earnings per share for the quarter, topping analysts' consensus estimates of ($2.50) by $1.07. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. The business had revenue of $209.47 million during the quarter, compared to analysts' expectations of $209.94 million. During the same period in the prior year, the business posted ($2.00) EPS. Equities analysts anticipate that Vacasa will post -3.98 earnings per share for the current year.

Insider Activity

In other Vacasa news, major shareholder Mossytree Inc. sold 12,500 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $9.19, for a total transaction of $114,875.00. Following the completion of the sale, the insider now directly owns 287,505 shares of the company's stock, valued at approximately $2,642,170.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 37,500 shares of company stock valued at $346,125 in the last ninety days. 11.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vacasa

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Vacasa by 1.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company's stock valued at $311,000 after acquiring an additional 11,450 shares during the period. 683 Capital Management LLC increased its stake in Vacasa by 86.1% in the 3rd quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company's stock valued at $692,000 after purchasing an additional 694,124 shares in the last quarter. Brown Advisory Inc. purchased a new position in Vacasa in the 4th quarter valued at approximately $110,000. Finally, Palogic Value Management L.P. purchased a new position in Vacasa in the 4th quarter valued at approximately $1,085,000. 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.