Vacasa’s (VCSA) “Hold” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Vacasa (NASDAQ:VCSA) in a research report sent to investors on Monday,Benzinga reports.

Several other analysts also recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Vacasa in a research note on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th.

Vacasa Stock Up 27.3 %

Vacasa stock opened at $4.85 on Monday. Vacasa has a twelve month low of $2.07 and a twelve month high of $11.70. The stock has a market cap of $110.44 million, a P/E ratio of -0.58 and a beta of 0.86. The company’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $3.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.04.

Institutional Investors Weigh In On Vacasa

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