KeyCorp Weighs in on Vacasa, Inc.’s Q2 2022 Earnings (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSAGet Rating) – Research analysts at KeyCorp lowered their Q2 2022 earnings per share (EPS) estimates for Vacasa in a research report issued to clients and investors on Wednesday, May 11th. KeyCorp analyst J. Patterson now anticipates that the company will earn ($0.25) per share for the quarter, down from their prior forecast of ($0.19). KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Vacasa’s Q3 2022 earnings at $0.05 EPS, FY2022 earnings at ($0.56) EPS and FY2023 earnings at ($0.41) EPS.

Vacasa (NASDAQ:VCSAGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.20. The business had revenue of $192.10 million for the quarter, compared to analysts’ expectations of $178.56 million.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. began coverage on Vacasa in a report on Wednesday, February 16th. They set an “overweight” rating and a $10.00 price objective for the company. JMP Securities reiterated a “buy” rating and set a $12.00 price objective on shares of Vacasa in a report on Monday, March 28th. Finally, Zacks Investment Research lowered Vacasa from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $11.57.

Shares of NASDAQ:VCSA opened at $4.75 on Monday. Vacasa has a 1 year low of $4.12 and a 1 year high of $11.00. The stock’s fifty day moving average price is $7.29.

A number of institutional investors have recently bought and sold shares of the business. FourThought Financial LLC acquired a new stake in shares of Vacasa in the first quarter valued at about $32,000. Penserra Capital Management LLC acquired a new stake in shares of Vacasa in the fourth quarter valued at about $34,000. Wells Fargo & Company MN acquired a new stake in shares of Vacasa in the fourth quarter valued at about $54,000. Advisor Group Holdings Inc. acquired a new stake in shares of Vacasa in the fourth quarter valued at about $67,000. Finally, US Bancorp DE acquired a new stake in shares of Vacasa in the first quarter valued at about $83,000. 36.21% of the stock is currently owned by hedge funds and other institutional investors.

About Vacasa (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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Earnings History and Estimates for Vacasa (NASDAQ:VCSA)

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