Vacasa (NASDAQ:VCSA) Price Target Lowered to $2.50 at Northland Securities

Vacasa (NASDAQ:VCSA – Get Rating) had its target price cut by investment analysts at Northland Securities from $5.00 to $2.50 in a research note issued to investors on Wednesday, The Fly reports. Northland Securities’ price target would suggest a potential upside of 150.00% from the stock’s previous close.

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

Vacasa Stock Up 1.7 %

NASDAQ VCSA opened at $1.00 on Wednesday. Vacasa has a 52 week low of $0.88 and a 52 week high of $9.38. The firm has a market capitalization of $438.07 million, a P/E ratio of -1.30 and a beta of 0.87. The company has a 50-day moving average price of $1.52 and a 200-day moving average price of $2.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted 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 purchasing an additional 3,817 shares during the period. IFP Advisors Inc boosted its stake in Vacasa by 78.4% in the 3rd quarter. IFP Advisors Inc now owns 9,100 shares of the company’s stock worth $90,000 after purchasing an additional 4,000 shares during the period. Virtu Financial LLC boosted its stake in Vacasa by 21.9% in the 4th quarter. Virtu Financial LLC now owns 40,843 shares of the company’s stock worth $51,000 after purchasing an additional 7,334 shares during the period. Amalgamated Bank boosted its stake in Vacasa by 178.8% in the 3rd quarter. Amalgamated Bank now owns 14,445 shares of the company’s stock worth $44,000 after purchasing an additional 9,263 shares during the period. Finally, US Bancorp DE bought a new position in Vacasa in the 1st quarter worth approximately $83,000. 41.97% of the stock is currently 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.