The Goldman Sachs Group Has Lowered Expectations for Vacasa (NASDAQ:VCSA) Stock Price

Vacasa (NASDAQ:VCSA) had its price objective decreased by The Goldman Sachs Group from $6.50 to $5.00 in a research report report published on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Separately, Needham & Company LLC cut their price objective on shares of Vacasa from $5.00 to $3.25 and set a “buy” rating on the stock in a report on Monday, November 11th.

Vacasa Stock Performance

NASDAQ:VCSA opened at $3.19 on Tuesday. Vacasa has a 1-year low of $2.07 and a 1-year high of $11.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.90 and a quick ratio of 0.80. The firm’s fifty day moving average price is $2.98 and its 200 day moving average price is $3.88. The firm has a market cap of $72.03 million, a price-to-earnings ratio of -0.38 and a beta of 0.57.

Institutional Trading of Vacasa

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its stake in Vacasa by 290.2% during the 3rd quarter. Barclays PLC now owns 12,790 shares of the company’s stock valued at $36,000 after purchasing an additional 9,512 shares in the last quarter. Rhumbline Advisers bought a new position in shares of Vacasa during the second quarter worth about $50,000. BNP Paribas Financial Markets increased its holdings in Vacasa by 1,286.7% in the third quarter. BNP Paribas Financial Markets now owns 39,909 shares of the company’s stock valued at $112,000 after buying an additional 37,031 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Vacasa during the 2nd quarter worth approximately $124,000. Finally, Harrell Investment Partners LLC acquired a new position in shares of Vacasa in the 2nd quarter worth approximately $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.