Vacasa, Inc. (NASDAQ:VCSA) Short Interest Up 21.5% in July

Vacasa, Inc. (NASDAQ:VCSA) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 852,100 shares, an increase of 21.5% from the June 30th total of 701,400 shares. Based on an average daily trading volume, of 111,000 shares, the short-interest ratio is currently 7.7 days. Currently, 12.1% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Vacasa from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Monday, May 13th. Needham & Company LLC reduced their price objective on shares of Vacasa from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 10th.

Vacasa Trading Down 1.0 %

VCSA stock traded down $0.04 during midday trading on Monday, reaching $3.98. 4,396 shares of the company were exchanged, compared to its average volume of 85,801. The business has a 50-day moving average price of $4.43 and a two-hundred day moving average price of $6.41. Vacasa has a one year low of $3.82 and a one year high of $15.40.

Vacasa (NASDAQ:VCSA) last announced its earnings results on Thursday, May 9th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.50) by $1.07. The company had revenue of $209.47 million during the quarter, compared to analysts’ expectations of $209.94 million. Vacasa had a negative net margin of 33.68% and a positive return on equity of 88.37%. During the same quarter in the previous year, the business posted ($2.00) earnings per share. Equities analysts anticipate that Vacasa will post -4.57 EPS for the current year.

Institutional Investors Weigh In On Vacasa

Institutional investors have recently modified their holdings of the business. Brown Advisory Inc. bought a new stake in shares of Vacasa in the fourth quarter valued at about $110,000. Bank of New York Mellon Corp bought a new stake in shares of Vacasa in the second quarter valued at about $124,000. Harrell Investment Partners LLC bought a new stake in shares of Vacasa in the second quarter valued at about $218,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Vacasa by 208.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock valued at $682,000 after acquiring an additional 67,591 shares during the period. Finally, Palogic Value Management L.P. bought a new stake in shares of Vacasa in the fourth quarter valued at about $1,085,000. Institutional investors 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.