Vasta Platform’s (VSTA) “Hold (C-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c-) rating on shares of Vasta Platform (NASDAQ:VSTA) in a research note issued to investors on Wednesday morning,Weiss Ratings reports.

Separately, Morgan Stanley reissued an “underweight” rating on shares of Vasta Platform in a research note on Wednesday, August 6th. 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, the company currently has an average rating of “Reduce”.

Vasta Platform Trading Down 0.4%

Shares of VSTA stock opened at $4.92 on Wednesday. The stock has a market cap of $394.58 million, a price-to-earnings ratio of 4.97, a PEG ratio of 0.26 and a beta of -0.02. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $4.40. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10. Vasta Platform has a 1-year low of $1.60 and a 1-year high of $5.49.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly 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 company had revenue of $63.28 million during 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%. On average, equities research analysts forecast that Vasta Platform will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA) by 19.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,378,562 shares of the company’s stock after purchasing an additional 220,161 shares during the period. JPMorgan Chase & Co. owned approximately 1.72% of Vasta Platform worth $5,900,000 at the end of the most recent quarter. Institutional investors own 15.80% of the company’s stock.

About Vasta Platform

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.