The Goldman Sachs Group Lowers Vacasa (NASDAQ:VCSA) Price Target to $5.00

Vacasa (NASDAQ:VCSA) had its price objective decreased by stock analysts at The Goldman Sachs Group from $6.50 to $5.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 58.23% from the stock’s previous close.

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

Vacasa Trading Down 2.8 %

Shares of VCSA opened at $3.16 on Tuesday. The firm has a fifty day simple moving average of $2.99 and a two-hundred day simple moving average of $3.92. Vacasa has a twelve month low of $2.07 and a twelve month high of $11.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VCSA. BNP Paribas Financial Markets lifted its position in shares of Vacasa by 1,286.7% in the 3rd 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 during the period. Renaissance Technologies LLC boosted its position in Vacasa by 41.5% during the 2nd quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after acquiring an additional 19,500 shares in the last quarter. National Bank of Canada FI boosted its position in Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock valued at $296,000 after acquiring an additional 11,378 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Vacasa during the 2nd quarter worth approximately $50,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Vacasa in the 2nd quarter worth approximately $124,000. 82.48% of the stock is 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.