Vacasa’s (VCSA) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Vacasa (NASDAQ:VCSA) in a research note released on Monday morning, MarketBeat reports.

A number of other analysts also recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Vacasa in a report on Monday, December 16th. The Goldman Sachs Group lowered their price target on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th.

Vacasa Stock Up 1.0 %

Shares of Vacasa stock opened at $4.90 on Monday. The firm has a market cap of $111.58 million, a PE ratio of -0.59 and a beta of 0.86. The business’s 50 day simple moving average is $3.42 and its 200 day simple moving average is $3.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.90 and a current ratio of 0.90. Vacasa has a 52-week low of $2.07 and a 52-week high of $11.70.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Vacasa by 15.1% in the third quarter. Geode Capital Management LLC now owns 202,019 shares of the company’s stock valued at $568,000 after buying an additional 26,575 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Vacasa by 41.5% in 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 last quarter. National Bank of Canada FI grew its position in shares of Vacasa by 23.1% in the 2nd 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. BNP Paribas Financial Markets increased its stake in shares of Vacasa by 1,286.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after purchasing an additional 37,031 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Vacasa during the 2nd quarter worth about $124,000. 82.48% of the stock is currently owned by institutional investors.

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.