Equities Analysts Offer Predictions for Vacasa, Inc.’s FY2024 Earnings (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) – Equities research analysts at KeyCorp issued their FY2024 earnings per share estimates for shares of Vacasa in a research report issued to clients and investors on Sunday, July 31st. KeyCorp analyst J. Patterson anticipates that the company will post earnings of ($0.28) per share for the year. The consensus estimate for Vacasa’s current full-year earnings is ($0.49) per share.

Vacasa (NASDAQ:VCSA – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $247.26 million for the quarter, compared to analyst estimates of $251.41 million.

A number of other brokerages have also recently weighed in on VCSA. JMP Securities reduced their price objective on Vacasa from $12.00 to $6.50 and set a “mkt outperform” rating for the company in a research note on Thursday, June 9th. The Goldman Sachs Group cut their price target on Vacasa from $9.00 to $5.50 and set a “neutral” rating for the company in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. cut their price target on Vacasa from $9.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.67.

Vacasa Stock Down 1.0 %

Shares of VCSA opened at $2.85 on Wednesday. Vacasa has a 52-week low of $2.38 and a 52-week high of $11.00. The stock has a 50 day moving average price of $3.07 and a 200 day moving average price of $5.57.

Hedge Funds Weigh In On Vacasa

Several large investors have recently added to or reduced their stakes in VCSA. Silver Lake Group L.L.C. purchased a new position in Vacasa during the fourth quarter worth about $519,780,000. Altos Ventures Management Inc. purchased a new position in Vacasa during the fourth quarter worth about $156,920,000. Capital World Investors purchased a new position in Vacasa during the fourth quarter worth about $28,831,000. Light Street Capital Management LLC purchased a new position in shares of Vacasa in the 4th quarter worth about $20,777,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Vacasa in the 4th quarter worth about $19,583,000. 36.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vacasa

In related news, Director Karl Mr. Peterson acquired 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average price of $2.77 per share, with a total value of $1,385,000.00. Following the completion of the purchase, the director now directly owns 1,590,659 shares in the company, valued at $4,406,125.43. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Karl Mr. Peterson acquired 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The shares were acquired at an average price of $2.77 per share, with a total value of $1,385,000.00. Following the completion of the purchase, the director now directly owns 1,590,659 shares in the company, valued at $4,406,125.43. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eric Breon sold 36,286 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $3.75, for a total value of $136,072.50. Following the transaction, the director now owns 4,054,589 shares in the company, valued at $15,204,708.75. The disclosure for this sale can be found here. 37.00% of the stock is owned by corporate insiders.

About Vacasa

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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 the Vacasa Guest App. It also provides services to buy and sell vacation homes through its network of real estate agents.