Vacasa, Inc. (NASDAQ:VCSA) Short Interest Up 45.0% in March

Vacasa, Inc. (NASDAQ:VCSA) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 774,000 shares, an increase of 45.0% from the March 15th total of 533,700 shares. Currently, 13.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,300 shares, the days-to-cover ratio is currently 10.9 days.

Vacasa Stock Down 4.7 %

Vacasa stock opened at $5.88 on Friday. The business’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $8.03. The stock has a market cap of $131.65 million, a price-to-earnings ratio of -0.24 and a beta of 0.87. Vacasa has a 12-month low of $5.88 and a 12-month high of $19.00.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VCSA. JMP Securities downgraded shares of Vacasa from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. upped their target price on shares of Vacasa from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC decreased their price target on shares of Vacasa from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th.

Insider Activity at Vacasa

In other Vacasa news, major shareholder Mossytree Inc. sold 7,400 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $8.97, for a total transaction of $66,378.00. Following the sale, the insider now directly owns 228,612 shares of the company’s stock, valued at $2,050,649.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 64,700 shares of company stock valued at $583,997 in the last 90 days. 46.77% of the stock is owned by corporate insiders.

Institutional Trading of Vacasa

A number of institutional investors have recently bought and sold shares of the business. Palogic Value Management L.P. bought a new position in Vacasa during the fourth quarter worth about $1,085,000. Pathstone Holdings LLC bought a new position in shares of Vacasa during the fourth quarter worth $988,000. Brown Advisory Inc. bought a new stake in shares of Vacasa in the 4th quarter valued at $110,000. Dimensional Fund Advisors LP acquired a new stake in Vacasa during the 4th quarter worth $96,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Vacasa by 22.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,491,900 shares of the company’s stock worth $688,000 after purchasing an additional 273,888 shares during the period. Institutional investors and hedge funds 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.