Vacasa (NASDAQ:VCSA) Price Target Lowered to $9.50 at The Goldman Sachs Group

Vacasa (NASDAQ:VCSA) had its price target lowered by The Goldman Sachs Group from $11.00 to $9.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 47.74% from the company’s current price.

VCSA has been the topic of several other reports. JMP Securities downgraded shares of Vacasa from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 29th. Needham & Company LLC dropped their price target on shares of Vacasa from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Vacasa from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 29th.

Vacasa Price Performance

NASDAQ:VCSA opened at $6.43 on Monday. Vacasa has a 1-year low of $5.62 and a 1-year high of $17.80. The firm’s 50-day moving average price is $7.43 and its 200-day moving average price is $7.84. The company has a market capitalization of $143.97 million, a PE ratio of -0.27 and a beta of 0.88.

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

Insider Transactions at Vacasa

In other Vacasa news, major shareholder Mossytree Inc. sold 7,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $9.05, for a total transaction of $66,970.00. Following the sale, the insider now owns 213,812 shares in the company, valued at approximately $1,934,998.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 59,700 shares of company stock worth $546,147 in the last quarter. Company insiders own 11.21% of the company’s stock.

Hedge Funds Weigh In On Vacasa

Large investors have recently added to or reduced their stakes in the company. 683 Capital Management LLC increased its position 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 purchasing an additional 694,124 shares during the last quarter. Palogic Value Management L.P. bought a new stake in Vacasa in the fourth quarter worth $1,085,000. Brown Advisory Inc. bought a new stake in Vacasa in the fourth quarter worth $110,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position 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 purchasing an additional 11,450 shares during 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.