Vacasa (NASDAQ:VCSA) Reaches New 12-Month Low at $1.55

Vacasa, Inc. (NASDAQ:VCSAGet Rating)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $1.55 and last traded at $1.57, with a volume of 8524 shares changing hands. The stock had previously closed at $1.61.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vacasa in a research report on Monday, October 3rd. They issued a “hold” rating and a $3.00 price objective on the stock. Northland Securities cut their price objective on shares of Vacasa to $5.00 in a research report on Tuesday, November 15th. JMP Securities cut 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. JPMorgan Chase & Co. downgraded shares of Vacasa from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Vacasa from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, November 10th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.71.

Vacasa Trading Down 1.9 %

The business’s fifty day moving average is $3.13 and its 200 day moving average is $3.48. The firm has a market capitalization of $665.87 million, a P/E ratio of -11.69 and a beta of 0.87.

Insider Buying and Selling

In related news, Director Eric Breon sold 289,673 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $4.03, for a total value of $1,167,382.19. Following the sale, the director now directly owns 567,889 shares in the company, valued at approximately $2,288,592.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,502,191 shares of company stock worth $6,567,748 in the last ninety days. 37.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC purchased a new position in shares of Vacasa in the second quarter worth approximately $31,000. PBMares Wealth Management LLC purchased a new position in shares of Vacasa in the third quarter worth approximately $32,000. ProShare Advisors LLC purchased a new position in shares of Vacasa in the third quarter worth approximately $38,000. Stonehearth Capital Management LLC purchased a new position in shares of Vacasa in the second quarter worth approximately $41,000. Finally, Royal Bank of Canada grew its position in Vacasa by 339.3% during the first quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock valued at $41,000 after purchasing an additional 3,817 shares in the last quarter. 39.35% of the stock is owned by hedge funds and other institutional investors.

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.

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