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

Vacasa (NASDAQ:VCSA) had its target price lowered by The Goldman Sachs Group from $6.50 to $5.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the stock.

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

Vacasa Stock Performance

Shares of VCSA stock opened at $3.23 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $2.99 and a two-hundred day moving average of $3.92. The company has a market cap of $72.93 million, a P/E ratio of -0.38 and a beta of 0.57. Vacasa has a 52 week low of $2.07 and a 52 week high of $11.70.

Institutional Investors Weigh In On Vacasa

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted 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 buying an additional 37,031 shares during the period. Renaissance Technologies LLC raised its stake in Vacasa by 41.5% during the 2nd quarter. Renaissance Technologies LLC now owns 66,454 shares of the company’s stock valued at $324,000 after acquiring an additional 19,500 shares in the last quarter. National Bank of Canada FI boosted its position in Vacasa by 23.1% during the 2nd quarter. National Bank of Canada FI now owns 60,683 shares of the company’s stock worth $296,000 after acquiring an additional 11,378 shares during the period. Rhumbline Advisers acquired a new position in Vacasa during the 2nd quarter worth $50,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Vacasa in the second quarter worth $124,000. Institutional investors and hedge funds own 82.48% of the company’s stock.

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.