Vacasa (NASDAQ:VCSA) Price Target Lowered to $8.00 at Needham & Company LLC

Vacasa (NASDAQ:VCSA) had its price objective cut by research analysts at Needham & Company LLC from $10.00 to $8.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 22.89% from the stock’s current price.

A number of other research firms have also recently commented on VCSA. The Goldman Sachs Group lowered their target price on Vacasa from $11.00 to $9.50 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. JMP Securities cut shares of Vacasa from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vacasa from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th.

Vacasa Stock Performance

NASDAQ:VCSA opened at $6.51 on Friday. Vacasa has a 52 week low of $5.62 and a 52 week high of $17.60. The firm has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $7.72. The firm has a market cap of $145.76 million, a price-to-earnings ratio of -0.27 and a beta of 0.74.

Vacasa (NASDAQ:VCSA) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($3.48) EPS for the quarter, beating analysts’ consensus estimates of ($6.82) by $3.34. The company had revenue of $177.44 million during the quarter, compared to the consensus estimate of $176.03 million. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. As a group, sell-side analysts forecast that Vacasa will post -3.98 earnings per share for the current year.

Insiders Place Their Bets

In other Vacasa news, major shareholder Mossytree Inc. sold 12,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $9.19, for a total value of $114,875.00. Following the completion of the transaction, the insider now owns 287,505 shares in the company, valued at approximately $2,642,170.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 37,500 shares of company stock worth $346,125 over the last quarter. 11.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VCSA. 683 Capital Management LLC increased its position in shares of Vacasa by 86.1% in the third quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock worth $692,000 after purchasing an additional 694,124 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Vacasa by 1.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock valued at $311,000 after purchasing an additional 11,450 shares during the last quarter. Palogic Value Management L.P. purchased a new position in shares of Vacasa in the fourth quarter worth about $1,085,000. Finally, Brown Advisory Inc. purchased a new position in Vacasa in the 4th quarter worth approximately $110,000. 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.