Vacasa (NASDAQ:VCSA) Lowered to “Sell” at Zacks Investment Research

Vacasa (NASDAQ:VCSAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, 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. “

A number of other analysts have also weighed in on the stock. JMP Securities reissued a “buy” rating and issued a $12.00 price objective on shares of Vacasa in a research report on Monday, March 28th. JPMorgan Chase & Co. assumed coverage on shares of Vacasa in a research report on Wednesday, February 16th. They issued an “overweight” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vacasa currently has an average rating of “Hold” and an average price target of $11.57.

Shares of NASDAQ VCSA traded down $0.24 during mid-day trading on Tuesday, hitting $3.78. 67,015 shares of the company’s stock traded hands, compared to its average volume of 996,188. The business has a 50-day moving average of $6.27. Vacasa has a 1 year low of $3.88 and a 1 year high of $11.00.

Vacasa (NASDAQ:VCSAGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, equities analysts forecast that Vacasa will post -0.49 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. bought a new position in Vacasa in the 4th quarter worth about $67,000. HBK Investments L P bought a new position in shares of Vacasa during the fourth quarter valued at approximately $2,458,000. Corsair Capital Management L.P. bought a new position in shares of Vacasa during the fourth quarter valued at approximately $4,088,000. Guggenheim Capital LLC bought a new position in shares of Vacasa during the fourth quarter valued at approximately $19,583,000. Finally, HighTower Advisors LLC bought a new position in shares of Vacasa during the fourth quarter valued at approximately $840,000. Institutional investors and hedge funds own 36.21% of the company’s stock.

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.

Further Reading

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Analyst Recommendations for Vacasa (NASDAQ:VCSA)

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