Vacasa (NASDAQ:VCSA) Sees Large Volume Increase

Shares of Vacasa, Inc. (NASDAQ:VCSAGet Rating) saw unusually-strong trading volume on Thursday . Approximately 61,359 shares traded hands during trading, a decline of 94% from the previous session’s volume of 964,154 shares.The stock last traded at $2.62 and had previously closed at $2.75.

A number of equities research analysts have commented on VCSA shares. The Goldman Sachs Group reduced their target price on Vacasa from $9.00 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, June 9th. JMP Securities reduced their price objective on Vacasa from $12.00 to $6.50 and set a “mkt outperform” rating for the company in a research report on Thursday, June 9th. Finally, JPMorgan Chase & Co. started coverage on shares of Vacasa in a research note on Wednesday, February 16th. They issued an “overweight” rating and a $10.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vacasa currently has a consensus rating of “Buy” and an average price target of $10.33.

The stock has a 50-day moving average price of $5.53.

Vacasa (NASDAQ:VCSAGet Rating) last issued its quarterly earnings results on Wednesday, March 16th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.20. The firm had revenue of $192.10 million during the quarter, compared to analysts’ expectations of $178.56 million. As a group, sell-side analysts anticipate that Vacasa, Inc. will post -0.49 EPS for the current year.

In related news, Director Eric Breon sold 414,902 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $4.04, for a total transaction of $1,676,204.08. Following the transaction, the director now owns 4,190,875 shares of the company’s stock, valued at $16,931,135. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 37.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FourThought Financial LLC bought a new position in Vacasa in the 1st quarter valued at approximately $32,000. Penserra Capital Management LLC purchased a new stake in shares of Vacasa in the fourth quarter worth $34,000. Royal Bank of Canada lifted its holdings in Vacasa by 339.3% in the first quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock valued at $41,000 after acquiring an additional 3,817 shares during the period. Wells Fargo & Company MN bought a new position in shares of Vacasa in the fourth quarter worth about $54,000. Finally, Advisor Group Holdings Inc. purchased a new position in Vacasa during the 4th quarter valued at approximately $67,000. Institutional investors own 36.21% of the company’s stock.

Vacasa Company Profile (NASDAQ:VCSA)

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 the Vacasa Guest App. It also provides services to buy and sell vacation homes through its network of real estate agents.

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