Vacasa (NASDAQ:VCSA) Downgraded by Oppenheimer

Oppenheimer cut shares of Vacasa (NASDAQ:VCSA – Get Rating) from an outperform rating to a market perform rating in a research note released on Wednesday morning, MarketBeat reports. Oppenheimer also issued estimates for Vacasa’s Q1 2023 earnings at ($0.27) EPS, Q2 2023 earnings at ($0.09) EPS, Q3 2023 earnings at $0.09 EPS, Q4 2023 earnings at ($0.29) EPS, FY2023 earnings at ($0.47) EPS, FY2024 earnings at ($0.33) EPS and FY2025 earnings at ($0.24) EPS.

Other equities research analysts have also issued research reports about the company. Northland Securities decreased their price target on Vacasa to $5.00 in a research note on Tuesday, November 15th. JMP Securities decreased their price target on Vacasa from $5.00 to $3.00 and set a market outperform rating on the stock in a research note on Tuesday, December 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Vacasa presently has a consensus rating of Hold and an average price target of $3.57.

Vacasa Price Performance

Shares of NASDAQ:VCSA opened at $0.94 on Wednesday. The business’s 50 day simple moving average is $1.51 and its 200-day simple moving average is $2.20. The firm has a market capitalization of $411.17 million, a price-to-earnings ratio of -1.22 and a beta of 0.87. Vacasa has a 12 month low of $0.88 and a 12 month high of $9.38.

Institutional Investors Weigh In On Vacasa

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Vacasa by 339.3% in the 1st quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock valued at $41,000 after buying an additional 3,817 shares in the last quarter. IFP Advisors Inc raised its holdings in Vacasa by 78.4% in the 3rd 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 during the last quarter. Virtu Financial LLC raised its holdings in Vacasa by 21.9% in the 4th quarter. Virtu Financial LLC now owns 40,843 shares of the company’s stock valued at $51,000 after acquiring an additional 7,334 shares during the last quarter. Amalgamated Bank raised its holdings in Vacasa by 178.8% in the 3rd quarter. Amalgamated Bank now owns 14,445 shares of the company’s stock valued at $44,000 after acquiring an additional 9,263 shares during the last quarter. Finally, US Bancorp DE acquired a new position in Vacasa in the 1st quarter valued at $83,000. Hedge funds and other institutional investors own 41.97% of the company’s stock.

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.