Vacasa, Inc. (NASDAQ:VCSA) Receives Average Rating of “Moderate Buy” from Analysts

Vacasa, Inc. (NASDAQ:VCSAGet Rating) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.67.

Several analysts have recently issued reports on VCSA shares. JPMorgan Chase & Co. lowered their price target on shares of Vacasa from $9.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. The Goldman Sachs Group lowered their price target on shares of Vacasa from $9.00 to $5.50 and set a “neutral” rating on the stock in a research report on Thursday, June 9th. Finally, JMP Securities lowered their price target on shares of Vacasa from $12.00 to $6.50 and set a “mkt outperform” rating on the stock in a research report on Thursday, June 9th.

Insider Activity at Vacasa

In related news, Director Eric Breon sold 1,200,000 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $4.45, for a total transaction of $5,340,000.00. Following the completion of the transaction, the director now owns 2,844,971 shares of the company’s stock, valued at $12,660,120.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,502,191 shares of company stock valued at $6,567,748. Corporate insiders own 37.00% of the company’s stock.

Hedge Funds Weigh In On Vacasa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC purchased a new position in Vacasa in the 2nd quarter worth approximately $31,000. FourThought Financial LLC purchased a new position in Vacasa in the 1st quarter worth approximately $32,000. Stonehearth Capital Management LLC purchased a new position in Vacasa in the 2nd quarter worth approximately $41,000. Royal Bank of Canada grew its stake in Vacasa by 339.3% in the 1st quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock worth $41,000 after buying an additional 3,817 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Vacasa in the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 39.35% of the company’s stock.

Vacasa Stock Down 6.4 %

Shares of VCSA stock opened at $3.49 on Friday. The firm’s 50-day simple moving average is $3.58 and its two-hundred day simple moving average is $4.94. Vacasa has a 52 week low of $2.38 and a 52 week high of $11.00.

Vacasa (NASDAQ:VCSAGet Rating) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.21. The business had revenue of $310.35 million during the quarter, compared to the consensus estimate of $284.47 million. Research analysts expect that Vacasa will post -0.25 earnings per share for the current year.

About Vacasa

(Get Rating)

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

Analyst Recommendations for Vacasa (NASDAQ:VCSA)

Receive News & Ratings for Vacasa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vacasa and related companies with MarketBeat.com's FREE daily email newsletter.