Vacasa, Inc. to Post FY2024 Earnings of ($0.28) Per Share, KeyCorp Forecasts (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSAGet Rating) – KeyCorp issued their FY2024 earnings per share (EPS) estimates for shares of Vacasa in a note issued to investors on Sunday, July 31st. KeyCorp analyst J. Patterson anticipates that the company will post earnings of ($0.28) per share for the year. The consensus estimate for Vacasa’s current full-year earnings is ($0.49) per share.

Vacasa (NASDAQ:VCSAGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.01. The company had revenue of $247.26 million during the quarter, compared to the consensus estimate of $251.41 million.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group dropped their target price on shares of Vacasa from $9.00 to $5.50 and set a “neutral” rating for the company in a research report on Thursday, June 9th. JPMorgan Chase & Co. dropped their target price on shares of Vacasa from $9.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, June 29th. Finally, JMP Securities dropped their target price on shares of Vacasa from $12.00 to $6.50 and set a “mkt outperform” rating for the company in a research report on Thursday, June 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.67.

Vacasa Stock Performance

VCSA stock opened at $2.88 on Wednesday. The company has a 50 day moving average price of $3.07 and a 200 day moving average price of $5.57. Vacasa has a fifty-two week low of $2.38 and a fifty-two week high of $11.00.

Insider Buying and Selling

In other Vacasa news, Director Karl Mr. Peterson acquired 500,000 shares of Vacasa stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of $2.77 per share, for a total transaction of $1,385,000.00. Following the purchase, the director now directly owns 1,590,659 shares in the company, valued at approximately $4,406,125.43. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Vacasa news, Director Karl Mr. Peterson acquired 500,000 shares of Vacasa stock in a transaction dated Wednesday, June 15th. The stock was bought at an average cost of $2.77 per share, for a total transaction of $1,385,000.00. Following the purchase, the director now directly owns 1,590,659 shares in the company, valued at approximately $4,406,125.43. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric Breon sold 36,286 shares of the company’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $3.75, for a total transaction of $136,072.50. Following the completion of the sale, the director now directly owns 4,054,589 shares in the company, valued at $15,204,708.75. The disclosure for this sale can be found here. Company insiders own 37.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $50,000. SG Americas Securities LLC acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $189,000. National Bank of Canada FI acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $80,000. Taylor Cottrill Erickson & Associates Inc. acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $300,000. Finally, Strs Ohio acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $147,000. 36.21% of the stock is owned by institutional investors.

Vacasa Company Profile

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

Further Reading

Earnings History and Estimates for Vacasa (NASDAQ:VCSA)

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