Vacasa (NASDAQ:VCSA) Trading 1.6% Higher – Still a Buy?

Vacasa, Inc. (NASDAQ:VCSA) shares traded up 1.6% during trading on Tuesday . The stock traded as high as $3.97 and last traded at $3.87. 50,583 shares traded hands 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

VCSA has been the subject of a number of recent analyst reports. 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 cut their price target on shares of Vacasa from $5.00 to $3.25 and set a “buy” rating for the company in a report on Monday, November 11th.

Vacasa Trading Up 1.6 %

The company has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $3.59. The company has a market capitalization of $88.12 million, a PE ratio of -0.46 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.

Institutional Trading of Vacasa

Large investors have recently made changes to their positions in the company. Barclays PLC boosted its stake in Vacasa by 290.2% during the 3rd quarter. Barclays PLC now owns 12,790 shares of the company’s stock worth $36,000 after purchasing an additional 9,512 shares during the last quarter. Rhumbline Advisers acquired a new position in Vacasa during the second quarter worth about $50,000. BNP Paribas Financial Markets grew its stake 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 acquiring an additional 37,031 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Vacasa in the 2nd quarter valued at about $124,000. Finally, Harrell Investment Partners LLC purchased a new position in Vacasa in the 2nd quarter worth approximately $218,000. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

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.