Vacasa (NASDAQ:VCSA) Price Target Cut to $5.00 by Analysts at The Goldman Sachs Group

Vacasa (NASDAQ:VCSA) had its target price dropped by equities researchers at The Goldman Sachs Group from $6.50 to $5.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 56.74% from the stock’s current price.

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

Vacasa Stock Down 1.8 %

VCSA stock traded down $0.06 during midday trading on Tuesday, hitting $3.19. The company’s stock had a trading volume of 23,239 shares, compared to its average volume of 84,218. The firm’s 50-day moving average is $2.99 and its 200-day moving average is $3.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.24. Vacasa has a 12 month low of $2.07 and a 12 month high of $11.70. The company has a market cap of $72.03 million, a PE ratio of -0.38 and a beta of 0.57.

Institutional Investors Weigh In On Vacasa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its stake in Vacasa by 208.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 99,994 shares of the company’s stock valued at $682,000 after buying an additional 67,591 shares during the last quarter. Harrell Investment Partners LLC purchased a new stake in Vacasa during the second quarter valued at $218,000. Bank of New York Mellon Corp bought a new position in Vacasa in the second quarter valued at about $124,000. Rhumbline Advisers bought a new position in Vacasa in the second quarter valued at about $50,000. Finally, National Bank of Canada FI boosted its position in Vacasa by 23.1% in the second quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock worth $296,000 after purchasing an additional 11,378 shares during the last quarter. Hedge funds and other 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.