Vacasa (NASDAQ:VCSA) PT Lowered to $9.50

Vacasa (NASDAQ:VCSA) had its target price cut by equities researchers at The Goldman Sachs Group from $11.00 to $9.50 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 47.74% from the stock’s current price.

Several other equities analysts also recently issued reports on VCSA. Needham & Company LLC reduced their price objective on shares of Vacasa from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. JMP Securities downgraded shares of Vacasa from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. upped 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.

Vacasa Price Performance

VCSA stock opened at $6.43 on Monday. The company’s 50 day simple moving average is $7.43 and its 200-day simple moving average is $7.84. The firm has a market capitalization of $143.97 million, a PE ratio of -0.27 and a beta of 0.88. Vacasa has a 12 month low of $5.62 and a 12 month high of $17.80.

Vacasa (NASDAQ:VCSA) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($3.48) EPS for the quarter, beating the consensus estimate of ($6.82) by $3.34. The business had revenue of $177.44 million for the quarter, compared to analyst estimates of $176.03 million. Vacasa had a negative net margin of 26.72% and a positive return on equity of 56.86%. As a group, sell-side analysts anticipate that Vacasa will post -3.98 earnings per share for the current year.

Insiders Place Their Bets

In other Vacasa news, major shareholder Mossytree Inc. sold 12,500 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $9.19, for a total transaction of $114,875.00. Following the transaction, 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 SEC, which is accessible through the SEC website. Insiders have sold a total of 59,700 shares of company stock valued at $546,147 over the last quarter. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Vacasa

A number of hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Vacasa by 1.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock valued at $311,000 after acquiring an additional 11,450 shares during the period. Brown Advisory Inc. acquired a new stake in Vacasa during the 4th quarter valued at $110,000. Palogic Value Management L.P. acquired a new stake in Vacasa during the 4th quarter valued at $1,085,000. Finally, 683 Capital Management LLC grew its holdings in Vacasa by 86.1% during the 3rd quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock valued at $692,000 after purchasing an additional 694,124 shares in the last quarter. Hedge funds and other institutional investors own 82.48% of the company’s stock.

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.