Needham & Company LLC Lowers Vacasa (NASDAQ:VCSA) Price Target to $3.25

Vacasa (NASDAQ:VCSA) had its price target dropped by stock analysts at Needham & Company LLC from $5.00 to $3.25 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock.

Separately, The Goldman Sachs Group reduced their target price on Vacasa from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Vacasa Stock Performance

NASDAQ VCSA opened at $3.25 on Monday. The firm’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.95. The firm has a market capitalization of $73.39 million, a price-to-earnings ratio of -0.38 and a beta of 0.57. The company has a current ratio of 0.80, a quick 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.

Hedge Funds Weigh In On Vacasa

A number of institutional investors have recently added to or reduced their stakes in VCSA. Rhumbline Advisers acquired a new position in shares of Vacasa during the second quarter worth $50,000. National Bank of Canada FI boosted its stake in shares of 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. Renaissance Technologies LLC grew its holdings in shares of 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 last quarter. Bank of New York Mellon Corp acquired a new position in shares of Vacasa in the second quarter valued at approximately $124,000. Finally, Harrell Investment Partners LLC bought a new position in Vacasa in the 2nd quarter valued at approximately $218,000. 82.48% of the stock is currently owned by institutional investors and hedge funds.

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.