Vasta Platform (NASDAQ:VSTA) Releases Earnings Results, Misses Estimates By $0.02 EPS

Vasta Platform (NASDAQ:VSTA) released its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02), Zacks reports. The business had revenue of $46.85 million during the quarter, compared to analyst estimates of $291.00 million. Vasta Platform had a net margin of 26.88% and a return on equity of 1.20%.

Vasta Platform Price Performance

Shares of NASDAQ VSTA remained flat at $4.97 during trading hours on Friday. The company had a trading volume of 24,099 shares, compared to its average volume of 33,561. The firm has a fifty day moving average of $4.84 and a 200-day moving average of $4.45. Vasta Platform has a fifty-two week low of $1.60 and a fifty-two week high of $5.49. The stock has a market cap of $398.59 million, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.26 and a beta of -0.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.19 and a quick ratio of 0.99.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

VSTA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vasta Platform in a research report on Wednesday, October 8th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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.