Vacasa (NASDAQ:VCSA) Stock Price Down 3.7%

Vacasa, Inc. (NASDAQ:VCSA) fell 3.7% on Friday . The stock traded as low as $3.27 and last traded at $3.35. 57,403 shares were traded during trading, a decline of 36% from the average session volume of 90,177 shares. The stock had previously closed at $3.48.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VCSA shares. Needham & Company LLC decreased their target price on Vacasa from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group reduced their price objective on Vacasa from $8.50 to $7.50 and set a “neutral” rating for the company in a research report on Friday, August 9th.

Vacasa Stock Down 3.7 %

The firm has a 50 day moving average of $3.85 and a 200-day moving average of $5.57. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $75.64 million, a P/E ratio of -0.12 and a beta of 0.60.

Vacasa (NASDAQ:VCSA) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($1.94) by $1.35. The company had revenue of $248.98 million for the quarter, compared to analyst estimates of $259.41 million. Vacasa had a positive return on equity of 174.62% and a negative net margin of 36.09%. During the same quarter last year, the firm earned ($0.20) EPS. On average, equities research analysts expect that Vacasa, Inc. will post -2.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vacasa

Institutional investors and hedge funds have recently bought and sold shares of the business. Palogic Value Management L.P. acquired a new stake in shares of Vacasa during the 4th quarter valued at about $1,085,000. Jacobs Levy Equity Management Inc. raised its position in Vacasa by 208.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock worth $682,000 after purchasing an additional 67,591 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Vacasa by 41.5% during 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. National Bank of Canada FI boosted its holdings in Vacasa by 23.1% during the second quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after purchasing an additional 11,378 shares in the last quarter. Finally, Harrell Investment Partners LLC bought a new stake in shares of Vacasa in the 2nd quarter valued at approximately $218,000. 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.