Vacasa (NASDAQ:VCSA) Receives “Market Perform” Rating from JMP Securities

JMP Securities reissued their market perform rating on shares of Vacasa (NASDAQ:VCSA) in a report published on Monday,Benzinga reports.

A number of other brokerages have also recently issued reports on VCSA. The Goldman Sachs Group reduced their price objective on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Needham & Company LLC reduced their price target on Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a research report on Monday, November 11th.

Vacasa Price Performance

Shares of VCSA stock opened at $4.00 on Monday. Vacasa has a 12 month low of $2.07 and a 12 month high of $11.70. The stock has a 50-day moving average price of $3.13 and a 200 day moving average price of $3.58. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. The firm has a market cap of $91.08 million, a price-to-earnings ratio of -0.48 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in Vacasa by 290.2% in the third quarter. Barclays PLC now owns 12,790 shares of the company’s stock valued at $36,000 after purchasing an additional 9,512 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Vacasa in the 2nd quarter valued at $50,000. BNP Paribas Financial Markets grew its holdings in shares of Vacasa by 1,286.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after buying an additional 37,031 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Vacasa in the 2nd quarter valued at $124,000. Finally, National Bank of Canada FI raised its stake in Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock worth $296,000 after buying an additional 11,378 shares during the period. Institutional investors own 82.48% of the company’s stock.

About Vacasa

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.