Vacasa (NASDAQ:VCSA) Trading 1.6% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Vacasa Trading Up 1.7 %

The firm has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $3.59. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.04.

Hedge Funds Weigh In On Vacasa

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its position in Vacasa by 290.2% during the third 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 purchased a new stake in Vacasa during the 2nd quarter valued at about $50,000. BNP Paribas Financial Markets increased its holdings in Vacasa by 1,286.7% in the 3rd 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. Bank of New York Mellon Corp acquired a new position in Vacasa during the second quarter valued at $124,000. Finally, Harrell Investment Partners LLC acquired a new stake in Vacasa during the second quarter worth about $218,000. 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.