Vacasa (NASDAQ:VCSA) Shares Gap Up to $1.35

Vacasa, Inc. (NASDAQ:VCSA – Get Rating)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.35, but opened at $1.39. Vacasa shares last traded at $1.36, with a volume of 145,528 shares.

Analysts Set New Price Targets

A number of brokerages recently commented on VCSA. The Goldman Sachs Group decreased their price objective on Vacasa from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, November 10th. Oppenheimer decreased their price objective on Vacasa to $5.00 in a research note on Tuesday, November 15th. JPMorgan Chase & Co. cut Vacasa from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 10th. Northland Securities decreased their price objective on Vacasa to $5.00 in a research note on Tuesday, November 15th. Finally, Needham & Company LLC decreased their price objective on Vacasa from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.43.

Vacasa Price Performance

The stock has a market capitalization of $600.16 million, a price-to-earnings ratio of -10.54 and a beta of 0.87. The business has a 50 day simple moving average of $1.52 and a 200-day simple moving average of $2.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VCSA. Gamco Investors INC. ET AL acquired a new position in Vacasa in the fourth quarter valued at about $25,000. Aigen Investment Management LP acquired a new position in shares of Vacasa during the fourth quarter worth about $29,000. Belpointe Asset Management LLC acquired a new position in shares of Vacasa during the fourth quarter worth about $29,000. LPL Financial LLC acquired a new position in shares of Vacasa during the second quarter worth about $31,000. Finally, PBMares Wealth Management LLC acquired a new position in shares of Vacasa during the third quarter worth about $32,000. 41.97% of the stock is owned by institutional investors and hedge funds.

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.