Vacasa (NASDAQ:VCSA) shares a spread up to $2.90


Vacasa, Inc. (NASDAQ:VCSA – Get Rating) stock price rose ahead of Tuesday’s trading. The stock had previously closed at $2.90, but opened at $3.23. Vacasa shares last traded at $3.04, with a volume of 15,242 shares traded in hands.

VCSA has been the subject of a number of recent analyst reports. Goldman Sachs Group lowered its price target on Vacasa from $9.00 to $5.50 and set a “neutral” rating on the stock in a Thursday, June 9 research report. JMP Securities lowered its price target on Vacasa from $12.00 to $6.50 and set an “outperform mkt” rating on the stock in a Thursday, June 9 research report. Three research analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.33.

The company has a fifty-day moving average price of $5.27.

In other news, Director Karl M. Peterson purchased 500,000 shares of Vacasa in a trade dated Wednesday, June 15. The shares were purchased at an average cost of $2.77 per share, for a total transaction of $1,385,000.00. Following the completion of the acquisition, the administrator now owns 1,590,659 shares of the company, valued at approximately $4,406,125.43. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director Eric Breon sold 36,286 shares of the company in a trade dated Wednesday, June 8. The stock was sold at an average price of $3.75, for a total value of $136,072.50. Following the sale, the administrator now owns 4,054,589 shares of the company, valued at $15,204,708.75. The disclosure of this sale can be found here. Insiders hold 37.00% of the shares of the company.

Several institutional investors have recently bought and sold shares of the stock. Silver Lake Group LLC acquired a new position in Vacasa stock in the fourth quarter worth approximately $519,780,000. Riverwood Capital Management Ltd. increased its stake in Vacasa shares by 3.1% in the first quarter. Riverwood Capital Management Ltd. now owns 23,055,878 shares of the company worth $190,672,000 after acquiring an additional 700,071 shares during the period. Altos Ventures Management Inc. acquired a new position in Vacasa stock in the fourth quarter worth approximately $156,920,000. Capital World Investors increased its stake in Vacasa shares by 22.6% in the first quarter. Capital World Investors now owns 4,499,053 shares of the company worth $37,207,000 after acquiring an additional 828,497 shares during the period. Finally, Light Street Capital Management LLC acquired a new position in Vacasa stock in the fourth quarter worth approximately $20,777,000. 36.21% of the shares are currently held by institutional investors.

About Vacasa (NASDAQ:VCSA)

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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