The Goldman Sachs Group Issues Pessimistic Forecast for Vacasa (NASDAQ:VCSA) Stock Price

Vacasa (NASDAQ:VCSA) had its target price cut by equities researchers at The Goldman Sachs Group from $6.50 to $5.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 58.23% from the company’s previous close.

Separately, Needham & Company LLC dropped 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.

Vacasa Trading Down 2.8 %

NASDAQ:VCSA opened at $3.16 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.80. Vacasa has a one year low of $2.07 and a one year high of $11.70. The company’s 50-day simple moving average is $2.99 and its 200 day simple moving average is $3.92.

Institutional Trading of Vacasa

Several institutional investors have recently bought and sold shares of the company. Rhumbline Advisers purchased a new stake in Vacasa during the 2nd quarter valued at $50,000. BNP Paribas Financial Markets grew its position in Vacasa by 1,286.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after purchasing an additional 37,031 shares during the period. Bank of New York Mellon Corp purchased a new stake in Vacasa during the 2nd quarter valued at $124,000. Harrell Investment Partners LLC bought a new position in shares of Vacasa during the 2nd quarter valued at $218,000. Finally, National Bank of Canada FI lifted its holdings in shares of Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after buying an additional 11,378 shares during the period. 82.48% of the stock is owned by hedge funds and other institutional investors.

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.