Vacasa (NASDAQ:VCSA) Trading 1.6% Higher – Here’s What Happened

Vacasa, Inc. (NASDAQ:VCSA) shares shot up 1.6% during trading on Tuesday . The company traded as high as $3.97 and last traded at $3.87. Approximately 50,583 shares were traded during mid-day trading, a decline of 40% from the average session volume of 83,633 shares. The stock had previously closed at $3.81.

Analysts Set New Price Targets

A number of analysts recently issued reports on VCSA shares. The Goldman Sachs Group cut their price objective on Vacasa from $6.50 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Needham & Company LLC reduced their price objective on shares of Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a report on Monday, November 11th.

Vacasa Stock Performance

The stock has a fifty day simple moving average of $2.89 and a two-hundred day simple moving average of $3.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.90.

Institutional Investors Weigh In On Vacasa

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in Vacasa during the 2nd quarter worth about $50,000. National Bank of Canada FI boosted its holdings 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 acquiring an additional 11,378 shares during the last quarter. Renaissance Technologies LLC grew its position in Vacasa by 41.5% during the second 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 during the period. Bank of New York Mellon Corp purchased a new position in shares of Vacasa in the 2nd quarter worth about $124,000. Finally, Barclays PLC lifted its stake in shares of Vacasa by 290.2% in the 3rd quarter. Barclays PLC now owns 12,790 shares of the company’s stock valued at $36,000 after purchasing an additional 9,512 shares in the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

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.