KeyCorp Comments on Vacasa, Inc.’s Q1 2023 Earnings (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) – Analysts at KeyCorp issued their Q1 2023 earnings estimates for shares of Vacasa in a note issued to investors on Tuesday, March 14th. KeyCorp analyst J. Patterson expects that the company will earn ($0.29) per share for the quarter. The consensus estimate for Vacasa’s current full-year earnings is ($0.41) per share. KeyCorp also issued estimates for Vacasa’s Q4 2023 earnings at ($0.19) EPS, FY2023 earnings at ($0.46) EPS and FY2024 earnings at ($0.33) EPS.

Several other analysts have also recently commented on the company. Needham & Company LLC lowered their target price on Vacasa from $5.00 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer cut Vacasa from an “outperform” rating to a “market perform” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $3.00 target price on shares of Vacasa in a research report on Tuesday. Finally, Northland Securities lowered their target price on Vacasa from $5.00 to $2.50 in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.57.

Vacasa Trading Down 6.1 %

VCSA opened at $0.94 on Friday. The business’s 50 day moving average is $1.51 and its 200-day moving average is $2.21. The stock has a market cap of $411.17 million, a PE ratio of -1.22 and a beta of 0.87. Vacasa has a twelve month low of $0.88 and a twelve month high of $9.38.

Hedge Funds Weigh In On Vacasa

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Vacasa by 339.3% during the 1st 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 during the period. IFP Advisors Inc increased its position in shares of Vacasa by 78.4% during the 3rd quarter. IFP Advisors Inc now owns 9,100 shares of the company’s stock valued at $90,000 after purchasing an additional 4,000 shares during the period. Virtu Financial LLC increased its position in shares of Vacasa by 21.9% during the 4th quarter. Virtu Financial LLC now owns 40,843 shares of the company’s stock valued at $51,000 after purchasing an additional 7,334 shares during the period. Amalgamated Bank increased its position in shares of Vacasa by 178.8% during the 3rd quarter. Amalgamated Bank now owns 14,445 shares of the company’s stock valued at $44,000 after purchasing an additional 9,263 shares during the period. Finally, US Bancorp DE acquired a new position in shares of Vacasa during the 1st quarter valued at $83,000. 41.97% of the stock is currently owned by institutional investors and hedge funds.

Vacasa Company Profile

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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.