Vacasa (NASDAQ:VCSA) Given New $3.25 Price Target at Needham & Company LLC

Vacasa (NASDAQ:VCSA) had its price target lowered by Needham & Company LLC from $5.00 to $3.25 in a research report report published on Monday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Separately, The Goldman Sachs Group reduced their price target on Vacasa from $7.50 to $6.50 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

Vacasa Trading Up 17.3 %

Shares of NASDAQ:VCSA opened at $3.25 on Monday. The company has a market capitalization of $73.39 million, a P/E ratio of -0.39 and a beta of 0.57. Vacasa has a 1 year low of $2.07 and a 1 year high of $11.70. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.95.

Institutional Investors Weigh In On Vacasa

A number of large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Vacasa by 208.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock valued at $682,000 after purchasing an additional 67,591 shares in the last quarter. Harrell Investment Partners LLC acquired a new stake in shares of Vacasa in the 2nd quarter valued at $218,000. Bank of New York Mellon Corp acquired a new stake in shares of Vacasa in the 2nd quarter valued at $124,000. Renaissance Technologies LLC boosted its holdings in shares of Vacasa by 41.5% in the 2nd quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after purchasing an additional 19,500 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Vacasa by 23.1% in the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after purchasing an additional 11,378 shares in the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

Vacasa Company Profile

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.