Robert Winston Greyber, CEO of the company, sold 18,699 stock shares in a single transaction on May 25th. The stock was bought at $0.67 per share, for a total of $12,528.33. The chief executive now owns 2,867 707 shares of the company valued at $1.921,363.69. This link
Vacasa Trading Up 4.6 %
During Friday's midday trading, the stock rose $0.03 to $0.69. The trading volume was 675,746 compared to the average of 1,061,586. The company has a 50-day moving average of $0.82, and a 200 day moving average is $1.29. The company last released its quarterly earnings on Tuesday, 14th March. The company posted $0.35 in earnings per share for the quarter. This beat the consensus estimate ($0.41) by $0.76. Vacasa reported a negative margin of 14.50% and a positive equity return of 18.00%. Revenue for the quarter was $218.16M, which is higher than the $207.29M consensus estimate. Analysts predict Vacasa, Inc. to post a -0.35 profit per share in the current fiscal year.
Vacasa Institutional Trading
Recently, large investors bought and sold the company's shares. Bank of New York Mellon Corp bought a new Vacasa position in the first quarter, valued at approximately $323,000. US Bancorp DE bought a new Vacasa position in the first quarter worth about $83,000. HighTower Advisors LLC increased its position in Vacasa in the first quarter by 48.3%. HighTower Advisors LLC owns 149.509 shares valued at $1.236,000, after purchasing 48.709 additional shares in the last quarter. Citigroup Inc. acquired a new Vacasa position during the first quarter, valued at approximately $139,000. BlackRock Inc. also acquired shares of Vacasa during the first quarter, valued at about $10,941,000. 41.97% is owned by institutional investors and hedge fund.
Wall Street analysts forecast growth
Recent comments from several equity research analysts on the stock. Oppenheimer downgraded shares of Vacasa to a market perform rating from 'outperform.' in a report published on March 15th. JMP Securities reduced their price target on shares of Vacasa by $1.50 from $2.50, in a report published on Wednesday, 10th May. Northland Securities reduced their price target on Vacasa in a report published on March 15th from $5.00 down to $2.50. Needham & Company LLC reduced their price target on shares of Vacasa to $1.50 from $5.00 in a report published on March 15th. They also gave the stock a 'buy rating'. Four equity research analysts gave the stock a hold rating, and two others assigned the company a buy rating. MarketBeat data shows that Vacasa's consensus rating is 'Hold' with a price target consensus of $3.36.
Vacasa, Inc. operates vacation rental management platforms in North America, Belize, Costa Rica, and Central America. Vacasa.com, the Vacasa guest app, and other websites allow guests to find, browse, and book properties. The company also offers services for buying and selling vacation homes via its network of real-estate agents.
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