Robert Winston Greyber Sells 18,699 Shares of Vacasa, Inc. (NASDAQ:VCSA) Stock

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) CEO Robert Winston Greyber sold 18,699 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $0.67, for a total value of $12,528.33. Following the transaction, the chief executive officer now directly owns 2,867,707 shares in the company, valued at $1,921,363.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vacasa Price Performance

NASDAQ VCSA traded up $0.03 during trading hours on Friday, hitting $0.69. The company’s stock had a trading volume of 675,746 shares, compared to its average volume of 1,061,586. Vacasa, Inc. has a 12 month low of $0.65 and a 12 month high of $5.70. The company’s 50 day simple moving average is $0.82 and its two-hundred day simple moving average is $1.29.

Vacasa (NASDAQ:VCSA – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.76. Vacasa had a positive return on equity of 18.00% and a negative net margin of 14.50%. The company had revenue of $218.16 million during the quarter, compared to the consensus estimate of $207.29 million. On average, sell-side analysts forecast that Vacasa, Inc. will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Vacasa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Vacasa in the first quarter valued at about $323,000. US Bancorp DE bought a new position in Vacasa in the first quarter valued at about $83,000. HighTower Advisors LLC increased its holdings in Vacasa by 48.3% during the first quarter. HighTower Advisors LLC now owns 149,509 shares of the company’s stock valued at $1,236,000 after buying an additional 48,709 shares during the last quarter. Citigroup Inc. purchased a new stake in Vacasa during the first quarter valued at approximately $139,000. Finally, BlackRock Inc. purchased a new stake in Vacasa during the first quarter valued at approximately $10,941,000. Hedge funds and other institutional investors own 41.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VCSA shares. JMP Securities cut their target price on shares of Vacasa from $2.50 to $1.50 in a research note on Wednesday, May 10th. Northland Securities cut their price target on Vacasa from $5.00 to $2.50 in a research note on Wednesday, March 15th. Oppenheimer downgraded Vacasa from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 15th. Finally, Needham & Company LLC cut their price target on Vacasa from $5.00 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, March 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.36.

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.