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

Vacasa (NASDAQ:VCSA) had its target price reduced by The Goldman Sachs Group from $6.50 to $5.00 in a report published on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

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

Vacasa Stock Up 2.2 %

Shares of Vacasa stock opened at $3.23 on Tuesday. Vacasa has a 1-year low of $2.07 and a 1-year high of $11.70. The company has a market capitalization of $72.93 million, a PE ratio of -0.38 and a beta of 0.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.80. The business has a 50-day moving average of $2.99 and a 200-day moving average of $3.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VCSA. Rhumbline Advisers acquired a new stake in shares of Vacasa in the 2nd quarter valued at about $50,000. National Bank of Canada FI raised its stake in 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 buying an additional 11,378 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Vacasa by 41.5% during the 2nd quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock worth $324,000 after buying 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 2nd quarter worth approximately $124,000. Finally, BNP Paribas Financial Markets increased its holdings 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 valued at $112,000 after acquiring an additional 37,031 shares during the last quarter. 82.48% of the stock is 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.