Vacasa (NASDAQ:VCSA) PT Lowered to $6.50

Vacasa (NASDAQ:VCSA - Free Report) had its price objective decreased by The Goldman Sachs Group from $7.50 to $6.50 in a research note issued to investors on Friday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, Needham & Company LLC decreased their price target on Vacasa from $8.00 to $5.00 and set a "buy" rating on the stock in a report on Friday, August 9th.

Vacasa Stock Performance

Shares of VCSA traded down $0.06 during mid-day trading on Friday, hitting $2.39. The company's stock had a trading volume of 36,946 shares, compared to its average volume of 84,851. Vacasa has a one year low of $2.07 and a one year high of $13.00. The stock's 50-day moving average is $3.10 and its two-hundred day moving average is $4.27. The firm has a market capitalization of $53.97 million, a PE ratio of -0.08 and a beta of 0.57. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.80 and a current ratio of 0.80.

Vacasa (NASDAQ:VCSA - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $1.35. The firm had revenue of $248.98 million for the quarter, compared to analyst estimates of $259.41 million. Vacasa had a negative net margin of 36.09% and a positive return on equity of 174.62%. During the same quarter in the previous year, the firm posted ($0.20) EPS. As a group, sell-side analysts anticipate that Vacasa will post -2.43 EPS for the current year.

Institutional Investors Weigh In On Vacasa

Several large investors have recently modified their holdings of the business. Rhumbline Advisers acquired a new stake in shares of Vacasa in the second quarter valued at approximately $50,000. National Bank of Canada FI grew its stake in Vacasa by 23.1% in the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company's stock valued at $296,000 after buying an additional 11,378 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Vacasa by 41.5% during the 2nd quarter. Renaissance Technologies LLC now owns 66,454 shares of the company's stock worth $324,000 after purchasing an additional 19,500 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Vacasa in the second quarter valued at about $124,000. Finally, Harrell Investment Partners LLC acquired a new position in shares of Vacasa during the 2nd quarter worth approximately $218,000. 82.48% of the stock is currently owned by 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 its Guest App. Vacasa, Inc was founded in 2009 and is headquartered in Portland, Oregon.