Insider Selling: Vacasa, Inc. (NASDAQ:VCSA) Director Sells 414,902 Shares of Stock
Vacasa, Inc. (NASDAQ:VCSA – Get Rating) Director Eric Breon sold 414,902 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $4.04, for a total value of $1,676,204.08. Following the transaction, the director now owns 4,190,875 shares in the company, valued at approximately $16,931,135. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Vacasa stock traded down $0.19 during mid-day trading on Wednesday, reaching $3.57. 3,576,539 shares of the stock traded hands, compared to its average volume of 900,580. The company has a 50-day moving average price of $6.16. Vacasa, Inc. has a fifty-two week low of $3.45 and a fifty-two week high of $11.00.
Vacasa (NASDAQ:VCSA – Get Rating) last posted its quarterly earnings results on Wednesday, March 16th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.20. The company had revenue of $192.10 million during the quarter, compared to analyst estimates of $178.56 million. As a group, equities analysts forecast that Vacasa, Inc. will post -0.49 EPS for the current fiscal year.
A number of equities analysts have issued reports on VCSA shares. JPMorgan Chase & Co. started coverage on Vacasa in a research report on Wednesday, February 16th. They set an “overweight” rating and a $10.00 price target on the stock. JMP Securities reiterated a “buy” rating and set a $12.00 price target on shares of Vacasa in a research report on Monday, March 28th. Finally, Zacks Investment Research cut Vacasa from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.57.
Large investors have recently bought and sold shares of the stock. FourThought Financial LLC acquired a new stake in shares of Vacasa in the first quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new stake in shares of Vacasa in the fourth quarter valued at approximately $34,000. Royal Bank of Canada increased its holdings in shares of Vacasa by 339.3% in the first quarter. Royal Bank of Canada now owns 4,942 shares of the company’s stock valued at $41,000 after purchasing an additional 3,817 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Vacasa in the fourth quarter valued at approximately $54,000. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Vacasa in the fourth quarter valued at approximately $67,000. 36.21% of the stock is owned by hedge funds and other institutional investors.
About Vacasa (Get Rating)
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.
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