Vacasa (NASDAQ:VCSA) Sets New 1-Year Low on Analyst Downgrade

Vacasa, Inc. (NASDAQ:VCSAGet Rating) shares hit a new 52-week low on Wednesday after Oppenheimer lowered their price target on the stock to $5.00. The company traded as low as $1.79 and last traded at $1.81, with a volume of 5905 shares. The stock had previously closed at $1.87.

A number of other equities research analysts have also commented on VCSA. The Goldman Sachs Group lowered their price target on shares of Vacasa from $6.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, November 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vacasa in a report on Monday, October 3rd. They set a “hold” rating and a $3.00 price target for the company. JPMorgan Chase & Co. downgraded shares of Vacasa from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 10th. Needham & Company LLC reduced their price objective on shares of Vacasa from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 10th. Finally, JMP Securities reduced their price objective on shares of Vacasa from $7.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Friday, November 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Vacasa currently has a consensus rating of “Hold” and a consensus price target of $4.71.

Insider Activity at Vacasa

In related news, Director Eric Breon sold 7,918 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $5.30, for a total transaction of $41,965.40. Following the sale, the director now directly owns 4,044,971 shares of the company’s stock, valued at approximately $21,438,346.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 1,502,191 shares of company stock valued at $6,567,748. 37.00% of the stock is owned by insiders.

Institutional Trading of Vacasa

Several institutional investors have recently bought and sold shares of the company. Riverwood Capital Management Ltd. lifted its stake in Vacasa by 3.1% during the 1st quarter. Riverwood Capital Management Ltd. now owns 23,055,878 shares of the company’s stock valued at $190,672,000 after acquiring an additional 700,071 shares during the period. Comprehensive Financial Management LLC lifted its stake in shares of Vacasa by 100.0% in the 3rd quarter. Comprehensive Financial Management LLC now owns 10,893,096 shares of the company’s stock worth $33,442,000 after purchasing an additional 5,446,548 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vacasa by 506.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,702,044 shares of the company’s stock worth $26,716,000 after purchasing an additional 7,267,139 shares during the period. BlackRock Inc. lifted its stake in shares of Vacasa by 100.5% in the 3rd quarter. BlackRock Inc. now owns 6,536,561 shares of the company’s stock worth $20,067,000 after purchasing an additional 3,277,109 shares during the period. Finally, Capital World Investors lifted its stake in shares of Vacasa by 22.6% in the 1st quarter. Capital World Investors now owns 4,499,053 shares of the company’s stock worth $37,207,000 after purchasing an additional 828,497 shares during the period. 39.35% of the stock is owned by hedge funds and other institutional investors.

Vacasa Trading Down 6.4 %

The company’s 50 day moving average price is $3.35 and its two-hundred day moving average price is $3.68. The stock has a market cap of $763.94 million, a P/E ratio of -13.46 and a beta of 0.87.

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 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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