Vacasa (NASDAQ:VCSA) Price Target Lowered to $8.50 at The Goldman Sachs Group

Vacasa (NASDAQ:VCSAFree Report) had its price objective lowered by The Goldman Sachs Group from $9.50 to $8.50 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the company. Needham & Company LLC decreased their price objective on Vacasa from $10.00 to $8.00 and set a buy rating for the company in a report on Friday. JMP Securities lowered Vacasa from an outperform rating to a market perform rating in a research note on Thursday, February 29th. Finally, 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.

Check Out Our Latest Report on Vacasa

Vacasa Price Performance

Shares of VCSA stock opened at $5.67 on Monday. Vacasa has a 12-month low of $5.57 and a 12-month high of $16.80. The business has a 50 day simple moving average of $6.72 and a 200 day simple moving average of $7.71.

Vacasa (NASDAQ:VCSAGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.50) by $1.07. Vacasa had a positive return on equity of 67.88% and a negative net margin of 33.68%. The business had revenue of $209.47 million during the quarter, compared to analyst estimates of $209.94 million. During the same period in the prior year, the company posted ($2.00) EPS. Equities research analysts anticipate that Vacasa will post -3.98 EPS for the current year.

Insider Buying and Selling at Vacasa

In other news, major shareholder Mossytree Inc. sold 12,500 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $9.24, for a total transaction of $115,500.00. Following the completion of the sale, the insider now owns 712,505 shares in the company, valued at approximately $6,583,546.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vacasa

A number of institutional investors and hedge funds have recently modified their holdings of VCSA. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Vacasa by 1.7% during 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 last quarter. 683 Capital Management LLC lifted its position in shares of 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 acquiring an additional 694,124 shares during the last quarter. Brown Advisory Inc. acquired a new stake in shares of Vacasa during the 4th quarter valued at $110,000. Finally, Palogic Value Management L.P. purchased a new stake in shares of Vacasa in the fourth quarter valued at $1,085,000. Institutional investors and hedge funds own 82.48% of the company’s stock.

About Vacasa

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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 its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.

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