Vasta Platform (NASDAQ:VSTA) Shares Down 1% – Here’s Why

Shares of Vasta Platform Limited (NASDAQ:VSTA) traded down 1% during trading on Tuesday . The stock traded as low as $4.72 and last traded at $4.93. 31,365 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 27,466 shares. The stock had previously closed at $4.98.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Vasta Platform in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vasta Platform in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Vasta Platform Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 1.19. The firm has a market cap of $395.39 million, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.27 and a beta of -0.02. The company’s fifty day moving average is $4.74 and its two-hundred day moving average is $4.44.

Vasta Platform (NASDAQ:VSTA) last posted its earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). The business had revenue of $63.28 million for the quarter, compared to analyst estimates of $434.00 million. Vasta Platform had a net margin of 26.88% and a return on equity of 1.20%. Equities research analysts forecast that Vasta Platform Limited will post 0.19 EPS for the current year.

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. lifted its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 19.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,378,562 shares of the company’s stock after acquiring an additional 220,161 shares during the quarter. JPMorgan Chase & Co. owned about 1.72% of Vasta Platform worth $5,900,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 15.80% of the company’s stock.

Vasta Platform Company Profile

Vasta Platform Limited provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company offers digital and printed textbooks, teacher handbooks, exercise books, multidisciplinary subject books, and student evaluations; and PAR platform that allows schools to select their preferred books and materials and follow their own specific teaching methods.