Needham & Company LLC Reiterates “Hold” Rating for Vacasa (NASDAQ:VCSA)

Vacasa (NASDAQ:VCSA)‘s stock had its “hold” rating restated by Needham & Company LLC in a research report issued on Monday,Benzinga reports.

Several other brokerages have also weighed in on VCSA. The Goldman Sachs Group cut their price objective on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. JMP Securities restated a “market perform” rating on shares of Vacasa in a report on Monday, December 16th.

Vacasa Stock Up 1.0 %

VCSA opened at $4.90 on Monday. The company has a market capitalization of $111.58 million, a PE ratio of -0.59 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.90. Vacasa has a fifty-two week low of $2.07 and a fifty-two week high of $11.70. The business has a 50-day moving average of $3.42 and a 200-day moving average of $3.54.

Institutional Investors Weigh In On Vacasa

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCSA. BNP Paribas Financial Markets raised its position in shares of Vacasa by 1,286.7% in the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after purchasing an additional 37,031 shares during the period. Geode Capital Management LLC raised its holdings in Vacasa by 15.1% in the 3rd quarter. Geode Capital Management LLC now owns 202,019 shares of the company’s stock worth $568,000 after acquiring an additional 26,575 shares during the period. Bank of New York Mellon Corp acquired a new position in Vacasa during the 2nd quarter worth $124,000. Renaissance Technologies LLC boosted its holdings in Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after acquiring an additional 19,500 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Vacasa by 23.1% during the second quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after acquiring an additional 11,378 shares during the period. 82.48% of the stock is currently owned by institutional investors and hedge funds.

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.