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

Vacasa (NASDAQ:VCSA) had its target price reduced by Needham & Company LLC from $5.00 to $3.25 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, The Goldman Sachs Group cut their price target on shares of Vacasa from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Friday, October 25th.

Vacasa Trading Up 2.2 %

Shares of VCSA stock opened at $3.23 on Monday. The firm has a fifty day moving average of $2.99 and a 200-day moving average of $3.92. The stock has a market cap of $72.93 million, a price-to-earnings ratio of -0.38 and a beta of 0.57. Vacasa has a 52-week low of $2.07 and a 52-week high of $11.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 0.90.

Institutional Investors Weigh In On Vacasa

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Vacasa by 1,286.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after purchasing an additional 37,031 shares during the last quarter. Renaissance Technologies LLC increased 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 buying an additional 19,500 shares in the last quarter. National Bank of Canada FI raised its stake 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 acquiring an additional 11,378 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Vacasa in the 2nd quarter worth approximately $50,000. Finally, Bank of New York Mellon Corp bought a new stake in Vacasa during the 2nd quarter worth approximately $124,000. Institutional investors and hedge funds own 82.48% of the company’s stock.

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.