Short Interest in Vacasa, Inc. (NASDAQ:VCSA) Grows By 45.0%

Vacasa, Inc. (NASDAQ:VCSA) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 774,000 shares, an increase of 45.0% from the March 15th total of 533,700 shares. Based on an average daily trading volume, of 71,300 shares, the days-to-cover ratio is currently 10.9 days. Approximately 13.0% of the shares of the company are short sold.

Analysts Set New Price Targets

VCSA has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their target price on Vacasa from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. boosted their price objective on shares of Vacasa from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, JMP Securities lowered shares of Vacasa from an “outperform” rating to a “market perform” rating in a report on Thursday, February 29th.

Vacasa Stock Down 4.7 %

NASDAQ VCSA opened at $5.88 on Friday. The stock’s 50-day simple moving average is $7.93 and its two-hundred day simple moving average is $8.03. Vacasa has a twelve month low of $5.88 and a twelve month high of $19.00. The company has a market capitalization of $131.65 million, a price-to-earnings ratio of -0.24 and a beta of 0.87.

Vacasa (NASDAQ:VCSA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($3.48) earnings per share for the quarter, beating analysts’ consensus estimates of ($6.82) by $3.34. The company had revenue of $177.44 million for the quarter, compared to analysts’ expectations of $176.03 million. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. On average, equities analysts expect that Vacasa will post -3.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Vacasa

In related news, major shareholder Mossytree Inc. sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $7.57, for a total value of $37,850.00. Following the sale, the insider now directly owns 71,012 shares in the company, valued at approximately $537,560.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 64,700 shares of company stock worth $583,997 over the last ninety days. 46.77% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL bought a new position in shares of Vacasa during the 4th quarter valued at $25,000. LPL Financial LLC purchased a new stake in Vacasa during the second quarter valued at about $31,000. XTX Topco Ltd bought a new position in shares of Vacasa during the first quarter valued at about $37,000. Jane Street Group LLC grew its stake in shares of Vacasa by 228.2% during the first quarter. Jane Street Group LLC now owns 39,283 shares of the company’s stock valued at $38,000 after buying an additional 69,921 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Vacasa by 554.8% in the fourth quarter. Barclays PLC now owns 31,045 shares of the company’s stock worth $39,000 after buying an additional 26,304 shares during the period. 82.48% of the stock is owned by hedge funds and other institutional investors.

About Vacasa

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 its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.