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

Weiss Ratings restated their hold (c-) rating on shares of Vasta Platform (NASDAQ:VSTA) in a report released on Friday morning,Weiss Ratings reports.

Separately, Morgan Stanley restated an “underweight” rating on shares of Vasta Platform in a report on Wednesday, August 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Vasta Platform Stock Performance

Shares of NASDAQ:VSTA opened at $4.98 on Friday. Vasta Platform has a 52 week low of $1.60 and a 52 week high of $5.49. The stock has a market capitalization of $399.40 million, a P/E ratio of 5.03, a PEG ratio of 0.27 and a beta of -0.02. The firm has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $4.44. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.10.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). Vasta Platform had a return on equity of 1.20% and a net margin of 26.88%.The business had revenue of $63.28 million during the quarter, compared to analysts’ expectations of $434.00 million. On average, analysts expect that Vasta Platform will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. raised its stake in Vasta Platform Limited (NASDAQ:VSTA) by 19.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,562 shares of the company’s stock after buying an additional 220,161 shares during the period. 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 (SEC). Hedge funds and other institutional investors 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.