Vacasa, Inc. (NASDAQ:VCSA) Sees Significant Decrease in Short Interest

Vacasa, Inc. (NASDAQ:VCSA) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 445,400 shares, a decline of 42.5% from the March 31st total of 774,000 shares. Approximately 6.4% of the company’s shares are sold short. Based on an average trading volume of 73,700 shares, the days-to-cover ratio is presently 6.0 days.

Analyst Ratings Changes

A number of brokerages have recently commented on VCSA. JPMorgan Chase & Co. raised their target price on shares of Vacasa from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Needham & Company LLC reduced their price objective on Vacasa from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group lowered their target price on Vacasa from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, JMP Securities lowered Vacasa from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 29th.

Insider Activity at Vacasa

In other Vacasa news, major shareholder Mossytree Inc. sold 7,400 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $9.05, for a total value of $66,970.00. Following the sale, the insider now owns 213,812 shares in the company, valued at $1,934,998.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 59,700 shares of company stock worth $546,147 in the last quarter. 11.21% of the stock is owned by company insiders.

Institutional Trading of Vacasa

Several hedge funds have recently modified their holdings of VCSA. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Vacasa by 1.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 674,660 shares of the company’s stock valued at $311,000 after acquiring an additional 11,450 shares in the last quarter. Brown Advisory Inc. purchased a new position in Vacasa during the 4th quarter worth $110,000. Palogic Value Management L.P. acquired a new position in Vacasa during the 4th quarter valued at about $1,085,000. Finally, 683 Capital Management LLC raised its stake in Vacasa by 86.1% in the third quarter. 683 Capital Management LLC now owns 1,500,000 shares of the company’s stock valued at $692,000 after buying an additional 694,124 shares during the last quarter. 82.48% of the stock is owned by hedge funds and other institutional investors.

Vacasa Price Performance

Shares of NASDAQ:VCSA opened at $7.50 on Friday. The firm has a 50 day moving average of $7.29 and a 200 day moving average of $7.81. Vacasa has a 52 week low of $5.62 and a 52 week high of $17.80.

Vacasa (NASDAQ:VCSA) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($3.48) EPS for the quarter, topping the consensus estimate of ($6.82) by $3.34. The firm had revenue of $177.44 million during the quarter, compared to analyst estimates of $176.03 million. Vacasa had a positive return on equity of 56.86% and a negative net margin of 26.72%. Equities research analysts predict that Vacasa will post -3.98 EPS for the current year.

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.