Vacasa (NASDAQ:VCSA) Stock Price Up 1.6% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Vacasa Trading Up 1.6 %

The firm has a market cap of $88.12 million, a price-to-earnings 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. The company has a 50 day moving average price of $2.87 and a 200 day moving average price of $3.59.

Institutional Investors Weigh In On Vacasa

A number of institutional investors and hedge funds have recently made changes to their positions in VCSA. Rhumbline Advisers purchased a new stake in shares of Vacasa in the 2nd quarter valued at $50,000. Barclays PLC grew its position in 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 acquiring an additional 9,512 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Vacasa during the second quarter worth about $124,000. BNP Paribas Financial Markets lifted its position in shares of Vacasa by 1,286.7% during the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock worth $112,000 after purchasing an additional 37,031 shares in the last quarter. Finally, Harrell Investment Partners LLC acquired a new stake in shares of Vacasa during the second quarter worth about $218,000. 82.48% of the stock is owned by hedge funds and other institutional investors.

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.