Vacasa, Inc. (NASDAQ:VCSA – Get Rating) shares were up 6.9% during trading on Friday . The company traded as high as $1.57 and last traded at $1.54. Approximately 14,514 shares traded hands during trading, a decline of 99% from the average daily volume of 1,304,500 shares. The stock had previously closed at $1.44.
Analyst Upgrades and Downgrades
A number of analysts recently commented on VCSA shares. JPMorgan Chase & Co. downgraded Vacasa from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 10th. Northland Securities decreased their target price on Vacasa to $5.00 in a research report on Tuesday, November 15th. Oppenheimer decreased their target price on Vacasa to $5.00 in a research report on Tuesday, November 15th. JMP Securities decreased their target price on Vacasa from $5.00 to $3.00 and set a "market outperform" rating for the company in a research report on Tuesday, December 20th. Finally, Needham & Company LLC decreased their target price on Vacasa from $7.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, November 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $4.43.
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Vacasa Stock Up 6.3 %
The company has a market capitalization of $670.25 million, a PE ratio of -11.77 and a beta of 0.44. The company has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $2.74.
Vacasa (NASDAQ:VCSA – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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. As a group, equities analysts anticipate that Vacasa, Inc. will post -0.45 EPS for the current fiscal year.
Hedge Funds Weigh In On Vacasa
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VCSA. Lake Hills Wealth Management LLC bought a new stake in shares of Vacasa during the 4th quarter valued at about $38,000. Industry Ventures L.L.C. increased its position in shares of Vacasa by 150.4% in the fourth quarter. Industry Ventures L.L.C. now owns 1,307,212 shares of the company's stock worth $1,647,000 after purchasing an additional 785,222 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Vacasa by 200.9% in the third quarter. Bank of New York Mellon Corp now owns 353,328 shares of the company's stock worth $1,085,000 after purchasing an additional 235,908 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Vacasa by 152.3% in the third quarter. California State Teachers Retirement System now owns 44,140 shares of the company's stock worth $136,000 after purchasing an additional 26,644 shares during the last quarter. Finally, State Street Corp increased its position in shares of Vacasa by 93.9% in the third quarter. State Street Corp now owns 1,606,434 shares of the company's stock worth $4,932,000 after purchasing an additional 777,901 shares during the last quarter. 41.97% of the stock is currently owned by hedge funds and other institutional investors.
About Vacasa
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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.
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