Brokerages Set Vacasa, Inc. (NASDAQ:VCSA) PT at $2.80

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $2.80.

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Vacasa from $5.00 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday. Oppenheimer lowered shares of Vacasa from an “outperform” rating to a “market perform” rating in a research report on Wednesday. JMP Securities restated a “market outperform” rating and set a $3.00 price target on shares of Vacasa in a research report on Tuesday. Finally, Northland Securities lowered their price target on shares of Vacasa from $5.00 to $2.50 in a research report on Wednesday.

Vacasa Trading Down 6.1 %

VCSA opened at $0.94 on Wednesday. The firm has a market capitalization of $411.17 million, a PE ratio of -1.22 and a beta of 0.87. Vacasa has a twelve month low of $0.88 and a twelve month high of $9.38. The firm’s 50-day moving average price is $1.51 and its 200 day moving average price is $2.21.

Hedge Funds Weigh In On Vacasa

Institutional investors and hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in Vacasa in the 4th quarter valued at about $25,000. Aigen Investment Management LP purchased a new stake in shares of Vacasa in the 4th quarter valued at approximately $29,000. Belpointe Asset Management LLC purchased a new stake in shares of Vacasa in the 4th quarter valued at approximately $29,000. LPL Financial LLC purchased a new stake in shares of Vacasa in the 2nd quarter valued at approximately $31,000. Finally, PBMares Wealth Management LLC purchased a new stake in shares of Vacasa in the 3rd quarter valued at approximately $32,000. 41.97% of the stock is currently owned by institutional investors and hedge funds.

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.