Vacasa (NASDAQ:VCSA) Price Target Cut to $9.50

Vacasa (NASDAQ:VCSA) had its price objective trimmed by The Goldman Sachs Group from $11.00 to $9.50 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on VCSA. JMP Securities cut Vacasa from an outperform rating to a market perform rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. increased their price target on Vacasa from $8.00 to $10.00 and gave the company a neutral rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC decreased their price target on Vacasa from $12.00 to $10.00 and set a buy rating for the company in a research note on Thursday, February 29th.

Vacasa Stock Down 1.5 %

Shares of VCSA opened at $5.88 on Monday. Vacasa has a 12-month low of $5.62 and a 12-month high of $17.80. The business has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $7.86. The stock has a market cap of $131.62 million, a PE ratio of -0.24 and a beta of 0.87.

Vacasa (NASDAQ:VCSA) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($3.48) earnings per share for the quarter, beating the consensus estimate of ($6.82) by $3.34. The company had revenue of $177.44 million during 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 research analysts expect that Vacasa will post -3.98 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Mossytree Inc. sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $9.19, for a total transaction of $114,875.00. Following the completion of the sale, the insider now owns 287,505 shares of the company’s stock, valued at $2,642,170.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 59,700 shares of company stock valued at $546,147 over the last 90 days. Company insiders own 46.77% of the company’s stock.

Institutional Investors Weigh In On Vacasa

Several large investors have recently added to or reduced their stakes in the business. Brown Advisory Inc. bought a new position in Vacasa in the fourth quarter worth approximately $110,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Vacasa by 1.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock worth $311,000 after acquiring an additional 11,450 shares in the last quarter. 683 Capital Management LLC boosted its holdings in Vacasa by 86.1% in the third quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock worth $692,000 after acquiring an additional 694,124 shares in the last quarter. Finally, Palogic Value Management L.P. bought a new position in Vacasa in the fourth quarter worth approximately $1,085,000. Institutional investors and hedge funds own 82.48% of the company’s stock.

Vacasa Company Profile

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.