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

Vacasa (NASDAQ:VCSA) had its price target cut by The Goldman Sachs Group from $11.00 to $9.50 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on VCSA. Needham & Company LLC lowered their price target on shares of Vacasa from $12.00 to $10.00 and set a buy rating for the company in a research report on Thursday, February 29th. JMP Securities cut shares of Vacasa from an outperform rating to a market perform rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vacasa from $8.00 to $10.00 and gave the stock a neutral rating in a research report on Thursday, February 29th.

Vacasa Price Performance

Vacasa stock opened at $5.88 on Monday. The stock has a market cap of $131.62 million, a price-to-earnings ratio of -0.24 and a beta of 0.87. Vacasa has a 1 year low of $5.62 and a 1 year high of $17.80. The firm has a 50-day moving average of $7.48 and a two-hundred day moving average of $7.86.

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

Insider Buying and Selling

In related news, major shareholder Mossytree Inc. sold 7,400 shares of the business’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 completion of the transaction, 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 at this hyperlink. Insiders sold a total of 59,700 shares of company stock worth $546,147 in the last 90 days. 46.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VCSA. 683 Capital Management LLC increased its stake 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. Palogic Value Management L.P. acquired a new position in Vacasa during the 4th quarter valued at approximately $1,085,000. Brown Advisory Inc. acquired a new position in Vacasa during the 4th quarter valued at approximately $110,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of 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 acquiring an additional 11,450 shares during the period. Institutional investors and hedge funds 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.