Stock traders are buying a high volume of put options on Vacasa (NASDAQ:VCSA)

Vacasa, Inc. (NASDAQ:VCSA – Get Rating) saw some unusual options trading on Thursday. Investors acquired 4,118 put options on the stock. This represents a 382% increase from the average volume of 855 put options.

Vacasa is trading down 35.2%

NASDAQ:VCSA fell $1.26 during Thursday trading hours, hitting $2.32. 243,141 shares were traded, against an average volume of 1,651,615. Vacasa has a 12-month low of $2.38 and a 12-month high of $11.00. The company has a 50-day moving average of $3.51 and a 200-day moving average of $3.83.

Vacasa (NASDAQ:VCSA – Get Rating) last reported quarterly earnings data on Wednesday, August 10. The company reported earnings per share of $0.02 for the quarter, beating the consensus estimate of ($0.19) by $0.21. The company posted revenue of $310.35 million in the quarter, versus a consensus estimate of $284.47 million. As a group, analysts expect Vacasa to post -0.24 EPS for the current fiscal year.

Wall Street analysts predict growth

VCSA has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded Vacasa from an “overweight” rating to a “neutral” rating in a report released Thursday. Deutsche Bank Aktiengesellschaft began covering Vacasa in a research report on Monday, October 3. They issued a “hold” rating and a target price of $3.00 for the company. Finally, Needham & Company LLC reduced its price target on Vacasa from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday. Five investment analysts gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7.57.

Insider buying and selling at Vacasa

Separately, director Eric Breon sold 289,673 shares of the company in a transaction that took place on Friday, September 9. The stock was sold at an average price of $4.03, for a total value of $1,167,382.19. Following the completion of the sale, the director now directly owns 567,889 shares of the company, valued at approximately $2,288,592.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In the past ninety days, insiders have sold 1,502,191 shares of the company worth $6,567,748. 37.00% of the shares are currently held by insiders.

Hedge funds weigh on Vacasa

Hedge funds and other institutional investors have recently been buying and selling shares of the company. The University of Washington acquired a new stake in Vacasa during the second quarter worth approximately $3,921,000. BlackRock Inc. acquired a new stake in Vacasa stock in the first quarter valued at approximately $10,941,000. Vanguard Group Inc. acquired a new equity stake in Vacasa in the first quarter valued at approximately $10,131,000. Phoenix Holdings Ltd. acquired a new equity stake in Vacasa in the first quarter valued at approximately $8,270,000. Finally, Capital World Investors increased its position in Vacasa shares by 22.6% in the first quarter. Capital World Investors now owns 4,499,053 shares of the company valued at $37,207,000 after purchasing an additional 828,497 shares last quarter. Institutional investors hold 39.35% of the company’s shares.

About Vacasa

(Get a rating)

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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