JMP Securities Reaffirms Market Perform Rating for Vacasa (NASDAQ:VCSA)

Vacasa (NASDAQ:VCSA)‘s stock had its “market perform” rating reissued by equities research analysts at JMP Securities in a note issued to investors on Monday,Benzinga reports.

A number of other analysts have also commented on VCSA. The Goldman Sachs Group decreased their price objective on Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Needham & Company LLC reduced their target price on shares of Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a report on Monday, November 11th.

Vacasa Price Performance

VCSA stock opened at $3.79 on Monday. The stock’s 50 day moving average price is $3.16 and its 200 day moving average price is $3.57. The firm has a market cap of $86.30 million, a P/E ratio of -0.45 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.90 and a current ratio of 0.90. Vacasa has a 1 year low of $2.07 and a 1 year high of $11.70.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Rhumbline Advisers purchased a new stake in shares of Vacasa in the second quarter valued at $50,000. Barclays PLC boosted its stake in Vacasa by 290.2% in the 3rd quarter. Barclays PLC now owns 12,790 shares of the company’s stock worth $36,000 after buying an additional 9,512 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Vacasa in the 2nd quarter valued at about $124,000. BNP Paribas Financial Markets increased its stake in shares of Vacasa by 1,286.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after acquiring an additional 37,031 shares during the last quarter. 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 worth $296,000 after acquiring an additional 11,378 shares during the period. Hedge funds and other institutional investors 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.