Vacasa’s (VCSA) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of Vacasa (NASDAQ:VCSA) in a report issued on Monday morning,Benzinga reports.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Vacasa from $6.50 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. JMP Securities reiterated a “market perform” rating on shares of Vacasa in a research note on Monday, December 16th.

Vacasa Stock Up 27.3 %

NASDAQ:VCSA opened at $4.85 on Monday. The stock has a 50-day simple moving average of $3.32 and a 200 day simple moving average of $3.54. Vacasa has a 52-week low of $2.07 and a 52-week high of $11.70. The company has a market cap of $110.44 million, a PE ratio of -0.58 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.90 and a current ratio of 0.90.

Hedge Funds Weigh In On Vacasa

A number of institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new position in shares of Vacasa during the 2nd quarter worth about $50,000. Barclays PLC increased its position in Vacasa by 290.2% during the third quarter. Barclays PLC now owns 12,790 shares of the company’s stock worth $36,000 after buying an additional 9,512 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Vacasa in the second quarter valued at approximately $124,000. BNP Paribas Financial Markets raised its stake in Vacasa by 1,286.7% in the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after buying an additional 37,031 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of 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 during the last quarter. 82.48% of the stock is currently owned by institutional investors and hedge funds.

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.