Vacasa, Inc. (NASDAQ:VCSA – Get Rating) – Investment analysts at Northland Capmk lowered their Q3 2023 earnings estimates for shares of Vacasa in a research note issued on Wednesday, May 10th. Northland Capmk analyst M. Grondahl now forecasts that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Vacasa’s current full-year earnings is ($0.43) per share. Northland Capmk also issued estimates for Vacasa’s Q4 2023 earnings at ($0.16) EPS and FY2023 earnings at ($0.30) EPS.
A number of other analysts have also weighed in on VCSA. JMP Securities cut their price objective on shares of Vacasa from $2.50 to $1.50 in a research note on Wednesday. Needham & Company LLC cut their price objective on shares of Vacasa from $5.00 to $1.50 and set a “buy” rating for the company in a report on Wednesday, March 15th. Northland Securities dropped their target price on shares of Vacasa from $5.00 to $2.50 in a research report on Wednesday, March 15th. Finally, Oppenheimer lowered shares of Vacasa from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.36.
Vacasa Price Performance
Vacasa (NASDAQ:VCSA – Get Rating) last issued its quarterly earnings results on Tuesday, March 14th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.76. Vacasa had a negative net margin of 14.98% and a positive return on equity of 66.00%. The business had revenue of $218.16 million for the quarter, compared to analyst estimates of $207.29 million.
Insider Buying and Selling at Vacasa
In other news, Director Eric Breon sold 169,277 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $0.93, for a total value of $157,427.61. Following the sale, the director now directly owns 33,999 shares of the company’s stock, valued at approximately $31,619.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Vacasa
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Vacasa by 1,024.0% in the 1st quarter. Renaissance Technologies LLC now owns 388,905 shares of the company’s stock valued at $374,000 after acquiring an additional 354,305 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Vacasa by 10.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 709,139 shares of the company’s stock worth $682,000 after buying an additional 69,462 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Vacasa during the 1st quarter worth approximately $427,000. New York Life Investment Management LLC purchased a new stake in Vacasa during the 1st quarter worth approximately $510,000. Finally, Barclays PLC increased its stake in Vacasa by 121.0% during the 1st quarter. Barclays PLC now owns 68,615 shares of the company’s stock worth $65,000 after buying an additional 37,570 shares during the period. 41.97% of the stock is owned by hedge funds and other institutional investors.
Vacasa Company Profile
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.
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