Vasta Platform (NASDAQ:VSTA) Stock Price Down 0.6% – What’s Next?

Vasta Platform Limited (NASDAQ:VSTA) shares traded down 0.6% on Friday . The company traded as low as $4.92 and last traded at $4.91. 7,774 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 16,330 shares. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

VSTA has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vasta Platform in a report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Vasta Platform in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Vasta Platform Trading Down 0.6%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.18 and a current ratio of 1.50. The business has a fifty day simple moving average of $4.95 and a 200 day simple moving average of $4.49. The stock has a market cap of $393.78 million, a price-to-earnings ratio of 4.81, a PEG ratio of 0.26 and a beta of -0.10.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $46.85 million during the quarter, compared to analysts’ expectations of $291.00 million. Vasta Platform had a net margin of 27.31% and a return on equity of 1.53%. As a group, equities analysts anticipate that Vasta Platform Limited will post 0.19 EPS for the current year.

Institutional Trading of Vasta Platform

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

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.