Vacasa (NASDAQ:VCSA) Given New $5.00 Price Target at The Goldman Sachs Group

Vacasa (NASDAQ:VCSA) had its price objective reduced by investment analysts at The Goldman Sachs Group from $6.50 to $5.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 56.74% from the stock’s previous close.

Separately, Needham & Company LLC cut their price objective on Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a research report on Monday.

Vacasa Trading Down 1.8 %

Shares of NASDAQ:VCSA traded down $0.06 on Tuesday, hitting $3.19. The company had a trading volume of 23,239 shares, compared to its average volume of 84,218. The firm’s 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $3.95. The firm has a market capitalization of $72.03 million, a price-to-earnings 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 1 year low of $2.07 and a 1 year high of $11.70.

Institutional Trading of Vacasa

A number of hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. lifted its position in Vacasa by 208.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock valued at $682,000 after acquiring an additional 67,591 shares during the period. Harrell Investment Partners LLC bought a new position in shares of Vacasa during the second quarter valued at approximately $218,000. Bank of New York Mellon Corp purchased a new position in shares of Vacasa during the second quarter valued at approximately $124,000. Rhumbline Advisers bought a new stake in shares of Vacasa in the 2nd quarter worth approximately $50,000. Finally, National Bank of Canada FI grew its stake in shares of Vacasa by 23.1% in the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock worth $296,000 after buying an additional 11,378 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

About Vacasa

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.