Rhumbline Advisers Acquires New Stake in Vacasa, Inc. (NASDAQ:VCSA)

Rhumbline Advisers bought a new position in Vacasa, Inc. (NASDAQ:VCSA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,294 shares of the company’s stock, valued at approximately $50,000.

Other large investors have also made changes to their positions in the company. Palogic Value Management L.P. purchased a new stake in Vacasa in the fourth quarter worth about $1,085,000. Jacobs Levy Equity Management Inc. grew its stake in shares of 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 purchased a new stake in Vacasa in the 2nd quarter worth approximately $218,000. Finally, Bank of New York Mellon Corp bought a new stake in Vacasa during the 2nd quarter worth approximately $124,000. 82.48% of the stock is currently owned by institutional investors.

Vacasa Price Performance

Shares of NASDAQ:VCSA opened at $2.81 on Tuesday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $63.45 million, a price-to-earnings ratio of -0.10 and a beta of 0.58. The firm has a fifty day moving average price of $3.45 and a 200 day moving average price of $4.76. Vacasa, Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $13.00.

Vacasa (NASDAQ:VCSA) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.94) by $1.35. The firm had revenue of $248.98 million during 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 business posted ($0.20) earnings per share. As a group, sell-side analysts expect that Vacasa, Inc. will post -2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VCSA has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of Vacasa from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group dropped their target price on shares of Vacasa from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Friday, August 9th.

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.