The Vanguard Group, Inc. has recently announced that it has increased stake in Vacasa Inc. (NASDAQ:VCSA) by 10.64%. After grabbing 9.53 million shares, the institutional investor is now in possession of 0.92 million shares of the Technology Company. The new investment brought the stake of investor firm to 4.03% having worth around $13.82 million. Moreover, BlackRock Fund Advisors increased its share by 3.32 million to have a control over 6.38 million shares. And Balyasny Asset Management LP raised its holdings to 4.88 million shares by acquiring 5.98 million shares or 2.53% of the stake.
Vacasa Inc. (VCSA) concluded trading on 03/15/23 at a closing price of $0.98, with 10.81 million shares of worth about $10.59 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.39% during that period and on Wednesday the price saw a loss of about -24.93%. Currently the company’s common shares owned by public are about 226.84M shares, out of which, 108.01M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the VCSA stock and their offered price forecasts bring an average price target of $1.85. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $2.50 and could fall to a lowest price of $1.00. The stock’s current price level is 74.81% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.0% for the stock. However, touching the estimated high of $2.50 would mean a gain of 60.8% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 2,773,997 shares in 12 of the transactions. In 13 selling transactions, insiders dumped 3,864,639 shares.
Vanguard Total Stock Market Index, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Vacasa Inc. Vanguard Total Stock Market Index is currently holding 3.08 million shares of worth totaling $4.46 million. The company recently came buying 0.0 shares which brought its stake up to 1.30% of the company’s outstanding shares. Vanguard Small Cap Index Fund bought 16616.0 shares, after which its hold over company’s outstanding shares expand to 1.29%, leaving 3.04 million shares with the mutual fund that have a worth of about $4.41 million. iShares Russell 2000 ETF, after selling 2.5 million shares, have now control over 1.06% of the stake in the company. It holds 7920.0 shares of worth $3.63 million.
Vacasa Inc. (NASDAQ: VCSA) started trading at $1.10, below -$0.21 from concluding price of the previous day. However, the stock later moved at a day high price of 1.1200, or with a loss of -24.93%. Stock saw a price change of -29.76% in past 5 days and over the past one month there was a price change of -34.87%. Year-to-date (YTD), VCSA shares are showing a performance of -21.95% which decreased to -82.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.08 but also hit the highest price of $9.38 during that period. The average intraday trading volume for Vacasa Inc. shares is 1.14 million. The stock is currently trading -30.55% below its 20-day simple moving average (SMA20), while that difference is down -35.32% for SMA50 and it goes to -62.56% lower than SMA200.
The Vanguard Group, Inc. acquired 9.53 million shares of Vacasa Inc. having value of about $13.82 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.92 million shares in the company valued at close to $898205.28, or have control over 10.64% stake in the company. Vacasa Inc. (NASDAQ: VCSA) currently have 226.84M outstanding shares and institutions hold larger chunk of about 82.80% of that. Holding of mutual funds in the company is about 35.17% while other institutional holders and individual stake holders have control over 9.19% and 17.50% of the stake respectively.
The stock has a current market capitalization of $457.04M. PE ratio of stock for trailing 12 months is 0.49, while it has posted earnings per share of $2.02 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VCSA, volatility over the week remained 11.43% while standing at 7.88% over the month.
Analysts are in expectations that Vacasa Inc. (VCSA) stock would likely to be making an EPS of -$0.38 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$0.49 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.45 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -666.70% while it is estimated to decrease by -6.50% in next year.
Analysts at 9 brokerage firms have issued recommendations for the Vacasa Inc. (VCSA)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 9 Wall Street analysts, 3 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
On October 03, 2022, Deutsche Bank Initiated their recommendations, while on June 09, 2022, JMP Securities Resumed their ratings for the stock with a price target of $6.50. Stock get an Overweight rating from JP Morgan on February 16, 2022.
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