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

Vacasa (NASDAQ:VCSA) had its price objective reduced by stock analysts at Needham & Company LLC from $5.00 to $3.25 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock.

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

Vacasa Price Performance

Shares of NASDAQ VCSA opened at $3.25 on Monday. The company has a market capitalization of $73.39 million, a PE ratio of -0.38 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.24. Vacasa has a twelve month low of $2.07 and a twelve month high of $11.70. The firm has a fifty day simple moving average of $2.99 and a 200 day simple moving average of $3.95.

Institutional Investors Weigh In On Vacasa

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers bought a new position in shares of Vacasa during the 2nd quarter worth about $50,000. National Bank of Canada FI grew its stake in Vacasa by 23.1% in the second quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after acquiring an additional 11,378 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Vacasa by 41.5% during the second quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after acquiring an additional 19,500 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Vacasa during the second quarter worth approximately $124,000. Finally, Harrell Investment Partners LLC bought a new position in shares of Vacasa in the 2nd quarter worth $218,000. 82.48% of the stock is owned by institutional investors.

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.