Vacasa, Inc. (NASDAQ:VCSA – Get Rating) has been given a consensus recommendation of "Hold" by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $4.17.

Several brokerages recently commented on VCSA. JMP Securities lowered their price target on Vacasa from $5.00 to $3.00 and set a "market outperform" rating for the company in a research note on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft began coverage on Vacasa in a research note on Monday, October 3rd. They issued a "hold" rating and a $3.00 price target for the company. Needham & Company LLC lowered their price target on Vacasa from $7.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, November 10th. JPMorgan Chase & Co. cut Vacasa from an "overweight" rating to a "neutral" rating in a research note on Thursday, November 10th. Finally, Oppenheimer lowered their price target on Vacasa to $5.00 in a research note on Tuesday, November 15th.

Institutional Investors Weigh In On Vacasa

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI boosted its position in Vacasa by 323.3% during the third quarter. National Bank of Canada FI now owns 117,351 shares of the company's stock worth $359,000 after purchasing an additional 89,631 shares during the period. Sinecera Capital LLC bought a new stake in shares of Vacasa in the third quarter valued at approximately $1,624,000. TB Alternative Assets Ltd. bought a new stake in shares of Vacasa in the third quarter valued at approximately $413,000. Industry Ventures L.L.C. bought a new stake in shares of Vacasa in the third quarter valued at approximately $1,603,000. Finally, PBMares Wealth Management LLC bought a new stake in shares of Vacasa in the third quarter valued at approximately $32,000. Institutional investors own 41.97% of the company's stock.

Vacasa Price Performance

Vacasa (NASDAQ:VCSA – Get Rating) last issued its earnings results on Wednesday, November 9th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The firm had revenue of $412.18 million during the quarter, compared to the consensus estimate of $391.50 million. Equities research analysts expect that Vacasa will post -0.45 earnings per share for the current fiscal year.

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.

Further Reading

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