Needham & Company LLC Issues Pessimistic Forecast for Vacasa (NASDAQ:VCSA) Stock Price

by · The Cerbat Gem

Vacasa (NASDAQ:VCSA – Get Free Report) had its price objective cut by research analysts at Needham & Company LLC from $5.00 to $3.25 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 17.33% from the company’s previous close.

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

Get Our Latest Report on VCSA

Vacasa Trading Down 3.8 %

VCSA opened at $2.77 on Monday. The firm has a market capitalization of $62.55 million, a price-to-earnings ratio of -0.33 and a beta of 0.57. Vacasa has a one year low of $2.07 and a one year high of $11.70. The business has a 50 day simple moving average of $2.99 and a two-hundred day simple moving average of $3.98. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.80 and a quick ratio of 0.80.

Vacasa (NASDAQ:VCSA – Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($1.94) by $1.35. The company had revenue of $248.98 million during the quarter, compared to analyst estimates of $259.41 million. Vacasa had a negative return on equity of 52.45% and a negative net margin of 10.18%. During the same quarter last year, the firm posted ($0.20) earnings per share. Analysts predict that Vacasa will post -2.43 EPS for the current year.

Institutional Investors Weigh In On Vacasa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VCSA. Rhumbline Advisers purchased a new position in Vacasa during the second quarter valued at $50,000. Bank of New York Mellon Corp purchased a new position in Vacasa during the 2nd quarter valued at about $124,000. Harrell Investment Partners LLC bought a new stake in Vacasa during the second quarter worth about $218,000. National Bank of Canada FI boosted 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 acquiring an additional 11,378 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Vacasa by 41.5% in the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock worth $324,000 after purchasing an additional 19,500 shares during the period. 82.48% of the stock is owned by hedge funds and other institutional investors.

About Vacasa

(Get Free Report)

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.

See Also