Vacasa (NASDAQ:VCSA) Downgraded by Zacks Investment Research

Vacasa (NASDAQ:VCSAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Vacasa provides vacation rental management platform principally in North America. Vacasa, formerly known as TPG Pace Solutions Corp., is based in PORTLAND, Ore. “

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Vacasa in a report on Wednesday, February 16th. They set an “overweight” rating and a $10.00 price objective on the stock. JMP Securities reissued a “buy” rating and set a $12.00 price objective on shares of Vacasa in a report on Monday, March 28th. Finally, KeyCorp assumed coverage on Vacasa in a report on Monday, January 31st. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.57.

Shares of NASDAQ:VCSA traded down $0.24 on Wednesday, hitting $4.27. The company’s stock had a trading volume of 63,826 shares, compared to its average volume of 711,223. The firm’s 50-day moving average price is $7.23. Vacasa has a 1 year low of $4.12 and a 1 year high of $11.00.

Vacasa (NASDAQ:VCSAGet Rating) last released its quarterly earnings results on Wednesday, March 16th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.20. The business had revenue of $192.10 million during the quarter, compared to analysts’ expectations of $178.56 million. As a group, equities analysts expect that Vacasa will post -0.49 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of VCSA. FourThought Financial LLC bought a new position in Vacasa during the 1st quarter worth approximately $32,000. Penserra Capital Management LLC bought a new stake in shares of Vacasa in the 4th quarter worth approximately $34,000. Royal Bank of Canada grew its position in shares of Vacasa by 339.3% in the 1st quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock worth $41,000 after buying an additional 3,817 shares during the last quarter. Wells Fargo & Company MN bought a new stake in shares of Vacasa in the 4th quarter worth approximately $54,000. Finally, Advisor Group Holdings Inc. bought a new stake in shares of Vacasa in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 36.21% of the company’s stock.

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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