Vacasa (NASDAQ:VCSA) rating upgraded to maintain Zacks Investment Research

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Vacasa (NASDAQ:VCSA – Get an assessment) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note released Wednesday, Zacks.com reports.

According to Zacks, “Vacasa provides a vacation rental management platform primarily in North America. Vacasa, formerly known as TPG Pace Solutions Corp., is based in PORTLAND, Ore.”

Several other equity analysts have also recently weighed in on VCSA. JPMorgan Chase & Co. assumed cover for Vacasa in a Wednesday, February 16, report. They set an “overweight” rating and a price target of $10.00 on the stock. JMP Securities reissued a “buy” rating and published a target price of $12.00 on Vacasa shares in a research report on Monday, March 28. Four investment analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat.com, Vacasa has an average rating of “Buy” and a consensus price target of $11.57.

VCSA stock opened at $4.45 on Wednesday. Vacasa has a 1 year minimum of $3.88 and a 1 year maximum of $11.00. The company has a fifty-day simple moving average of $6.65.

Vacasa (NASDAQ:VCSA – Get Rating) last announced its quarterly results on Wednesday, March 16. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.26) by $0.20. The company posted revenue of $192.10 million for the quarter, compared to $178.56 million expected by analysts. As a group, research analysts expect Vacasa to post -0.49 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently increased or reduced their stake in VCSA. Advisor Group Holdings Inc. bought a new position in Vacasa in Q4 worth $67,000. HighTower Advisors LLC bought a new position in Vacasa stock in the fourth quarter worth approximately $840,000. Waterfront Capital Partners LLC bought a new position in Vacasa stock in the fourth quarter worth approximately $3,651,000. Geode Capital Management LLC purchased a new stake in Vacasa stock during the fourth quarter worth approximately $1,295,000. Finally, Silver Lake Group LLC acquired a new stake in Vacasa during the 4th quarter valued at approximately $519,780,000. Institutional investors hold 36.21% of the company’s shares.

About Vacasa (Get a rating)

Vacasa, Inc operates a vacation rental management platform in North America, Belize and Costa Rica. The company enables customers to search, discover and book its properties on Vacasa.com and the Vacasa Guest app. It also provides vacation home buying and selling services through its network of real estate agents.

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Analyst Recommendations for Vacasa (NASDAQ: VCSA)

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