Vacasa Inc. (NASDAQ: VCSA) stock jumped 18.77% on Friday to $4.81 against a previous-day closing price of $4.05. With 17.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.03 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $4.9950 whereas the lowest price it dropped to was $3.9300. The 52-week range on VCSA shows that it touched its highest point at $11.00 and its lowest point at $2.38 during that stretch. It currently has a 1-year price target of $7.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VCSA was up-trending over the past week, with a rise of 64.16%, but this was up by 98.76% over a month. Three-month performance surged to 6.65% while six-month performance fell -26.34%. The stock lost -51.90% in the past year, while it has lost -42.19% so far this year. A look at the trailing 12-month EPS for VCSA yields 2.07 with Next year EPS estimates of -0.42. For the next quarter, that number is 0.07. This implies an EPS growth rate of -733.30% for this year and 12.00% for next year.
Float and Shares Shorts:
At present, 214.94 million VCSA shares are outstanding with a float of 75.21 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.49 million, which was 2.09% higher than short shares on Jun 14, 2022. In addition to Mr. Matthew J. Roberts as the firm’s CEO & Director, Mr. Eric Breon serves as its Co-Founder & Director.
Through their ownership of 80.68% of VCSA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.35% of VCSA, in contrast to 35.23% held by mutual funds. Shares owned by individuals account for 13.34%. As the largest shareholder in VCSA with 2.54% of the stake, Comprehensive Financial Managemen holds 5,446,548 shares worth 5,446,548. A second-largest stockholder of VCSA, Capital Research & Management Co, holds 4,499,053 shares, controlling over 2.09% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VCSA, holding 3,059,867 shares or 1.42% stake. With a 2.09% stake in VCSA, the American Funds Small Cap World Fu is the largest stakeholder. A total of 4,499,053 shares are owned by the mutual fund manager. The Franklin Small Cap Growth Fund, which owns about 0.84% of VCSA stock, is the second-largest Mutual Fund holder. It holds 1,805,927 shares valued at 4.71 million. Vanguard Extended Market Index Fu holds 0.58% of the stake in VCSA, owning 1,242,784 shares worth 3.24 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VCSA since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With VCSA analysts setting a high price target of $10.00 and a low target of $6.00, the average target price over the next 12 months is $7.67. Based on these targets, VCSA could surge 107.9% to reach the target high and rise by 24.74% to reach the target low. Reaching the average price target will result in a growth of 59.46% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. VCSA will report FY 2022 earnings on 03/15/2023. Analysts have provided yearly estimates in a range of -$0.16 being high and -$0.52 being low. For VCSA, this leads to a yearly average estimate of -$0.30. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Vacasa Inc. surprised analysts by $0.20 when it reported $0.02 EPS against a consensus estimate of -$0.18. The surprise factor in the prior quarter was -$0.00. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.07.
Summary of Insider Activity:
Insiders traded VCSA stock several times over the past three months with 10 Buys and 2 Sells. In these transactions, 339,990 shares were bought while 37,986 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 1,002,505 while 807,986 shares were sold.