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FY2023 Earnings Forecast for Vacasa, Inc. (NASDAQ:VCSA) Issued By KeyCorp

Defense World · Jan 30, 2023 02:32

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) – Research analysts at KeyCorp upped their FY2023 earnings estimates for Vacasa in a report issued on Wednesday, January 25th. KeyCorp analyst J. Patterson now expects that the company will post earnings of ($0.40) per share for the year, up from their previous forecast of ($0.42). The consensus estimate for Vacasa's current full-year earnings is ($0.45) per share. KeyCorp also issued estimates for Vacasa's FY2024 earnings at ($0.24) EPS.

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Vacasa (NASDAQ:VCSA – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $412.18 million for the quarter, compared to the consensus estimate of $391.50 million.

A number of other analysts have also issued reports on the stock. Northland Securities lowered their target price on shares of Vacasa to $5.00 in a research note on Tuesday, November 15th. Needham & Company LLC lowered their target price on shares of 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. lowered shares of Vacasa from an "overweight" rating to a "neutral" rating in a research note on Thursday, November 10th. Oppenheimer lowered their target price on shares of Vacasa to $5.00 in a research note on Tuesday, November 15th. Finally, JMP Securities lowered their target price on shares of Vacasa from $5.00 to $3.00 and set a "market outperform" rating for the company in a research note on Tuesday, December 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Vacasa currently has an average rating of "Hold" and a consensus price target of $4.43.

Vacasa Stock Up 6.0 %

NASDAQ VCSA opened at $1.77 on Monday. The company has a fifty day moving average of $1.40 and a two-hundred day moving average of $2.70. The firm has a market capitalization of $775.38 million, a price-to-earnings ratio of -13.62 and a beta of 0.44. Vacasa has a 52 week low of $1.08 and a 52 week high of $9.38.

Hedge Funds Weigh In On Vacasa

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Vacasa by 339.3% in the first quarter. Royal Bank of Canada now owns 4,942 shares of the company's stock worth $41,000 after purchasing an additional 3,817 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Vacasa by 78.4% during the third quarter. IFP Advisors Inc now owns 9,100 shares of the company's stock valued at $90,000 after acquiring an additional 4,000 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Vacasa by 178.8% during the third quarter. Amalgamated Bank now owns 14,445 shares of the company's stock valued at $44,000 after acquiring an additional 9,263 shares in the last quarter. US Bancorp DE acquired a new position in shares of Vacasa during the first quarter valued at about $83,000. Finally, PBMares Wealth Management LLC acquired a new position in shares of Vacasa during the third quarter valued at about $32,000. 41.97% of the stock is currently owned by 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.

FY2023 Earnings Forecast for Vacasa, Inc. (NASDAQ:VCSA) Issued By KeyCorp

Vacasa Stock Up 6.0 %

Hedge Funds Weigh In On Vacasa

About Vacasa

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