Vacasa (NASDAQ:VCSA) Price Target Lowered to $3.25 at Needham & Company LLC

Vacasa (NASDAQ:VCSA - Free Report) had its price target reduced by Needham & Company LLC from $5.00 to $3.25 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group decreased their target price on shares of Vacasa from $7.50 to $6.50 and set a "neutral" rating on the stock in a research report on Friday, October 25th.

Vacasa Price Performance

VCSA traded up $0.49 during trading on Monday, reaching $3.26. The company's stock had a trading volume of 95,285 shares, compared to its average volume of 84,382. Vacasa has a 1 year low of $2.07 and a 1 year high of $11.70. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.24. The company has a market cap of $73.61 million, a price-to-earnings ratio of -0.37 and a beta of 0.57. The firm has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $3.98.

Vacasa (NASDAQ:VCSA - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.94) by $1.35. Vacasa had a negative net margin of 10.18% and a negative return on equity of 52.45%. The firm had revenue of $248.98 million during the quarter, compared to analyst estimates of $259.41 million. During the same quarter in the prior year, the firm posted ($0.20) earnings per share. As a group, analysts anticipate that Vacasa will post -2.43 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its stake in shares of Vacasa by 208.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company's stock worth $682,000 after purchasing an additional 67,591 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Vacasa during the second quarter worth about $50,000. National Bank of Canada FI raised its position in shares of Vacasa by 23.1% in the second 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 stake in shares of Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company's stock valued at $324,000 after buying an additional 19,500 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Vacasa during the second quarter worth approximately $124,000. Institutional investors and hedge funds own 82.48% of the company's stock.

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.