Vacasa (NASDAQ:VCSA) Price Target Cut to $3.25 by Analysts at Needham & Company LLC

Vacasa (NASDAQ:VCSA) had its price objective trimmed by Needham & Company LLC from $5.00 to $3.25 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

Vacasa Stock Performance

Shares of NASDAQ VCSA opened at $3.16 on Monday. The company’s 50-day simple moving average is $2.99 and its 200-day simple moving average is $3.92. Vacasa has a 52-week low of $2.07 and a 52-week high of $11.70. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.04.

Institutional Trading of Vacasa

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers acquired a new position in Vacasa during the 2nd quarter worth approximately $50,000. Bank of New York Mellon Corp purchased a new stake in shares of Vacasa during the 2nd quarter worth $124,000. BNP Paribas Financial Markets grew its stake in shares of Vacasa by 1,286.7% during the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after purchasing an additional 37,031 shares in the last quarter. Harrell Investment Partners LLC purchased a new position in Vacasa in the second quarter valued at $218,000. Finally, National Bank of Canada FI raised 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 buying an additional 11,378 shares in the last quarter. 82.48% of the stock is currently owned by hedge funds and other 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.