Brokers Issue Forecasts for Vacasa, Inc.’s Q2 2023 Earnings (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) – Analysts at KeyCorp issued their Q2 2023 earnings per share estimates for Vacasa in a report released on Tuesday, March 14th. KeyCorp analyst J. Patterson anticipates that the company will post earnings per share of ($0.11) for the quarter. The consensus estimate for Vacasa’s current full-year earnings is ($0.37) per share. KeyCorp also issued estimates for Vacasa’s Q3 2023 earnings at $0.10 EPS.

Other equities analysts have also issued reports about the company. Oppenheimer lowered Vacasa from an “outperform” rating to a “market perform” rating in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $3.00 price target on shares of Vacasa in a research note on Tuesday. Northland Securities lowered their target price on Vacasa from $5.00 to $2.50 in a research report on Wednesday. Finally, Needham & Company LLC reduced their price objective on Vacasa from $5.00 to $1.50 and set a “buy” rating for the company in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Vacasa has a consensus rating of “Hold” and a consensus target price of $3.57.

Vacasa Trading Up 1.7 %

NASDAQ:VCSA opened at $1.00 on Thursday. The stock has a market cap of $438.07 million, a P/E ratio of -1.30 and a beta of 0.87. The stock’s 50-day moving average is $1.52 and its 200-day moving average is $2.23. Vacasa has a 1-year low of $0.88 and a 1-year high of $9.38.

Institutional Trading of Vacasa

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of 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 in the last quarter. IFP Advisors Inc lifted its position in shares of Vacasa by 78.4% in the third quarter. IFP Advisors Inc now owns 9,100 shares of the company’s stock worth $90,000 after buying an additional 4,000 shares in the last quarter. US Bancorp DE purchased a new stake in Vacasa during the first quarter valued at approximately $83,000. PBMares Wealth Management LLC purchased a new stake in Vacasa during the third quarter valued at approximately $32,000. Finally, LPL Financial LLC purchased a new stake in Vacasa during the second quarter valued at approximately $31,000. Institutional investors own 41.97% of the company’s stock.

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.