Vasta Platform (NASDAQ:VSTA) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Vasta Platform (NASDAQ:VSTA) from a hold rating to a strong sell rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Vasta Platform in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Vasta Platform currently has a consensus rating of “Sell”.

Vasta Platform Price Performance

VSTA opened at $4.95 on Tuesday. Vasta Platform has a 1 year low of $2.50 and a 1 year high of $5.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.50 and a quick ratio of 1.18. The company has a market capitalization of $396.99 million, a price-to-earnings ratio of 4.85, a P/E/G ratio of 0.22 and a beta of -0.29. The firm’s fifty day moving average price is $4.95 and its two-hundred day moving average price is $4.70.

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

Hedge Funds Weigh In On Vasta Platform

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

About Vasta Platform

Vasta Platform, Inc (NASDAQ: VSTA) is a technology company specializing in cloud-based talent acquisition solutions for the staffing and recruiting industry. The company’s origins trace back to The SysLogic Group, founded in 1980 to deliver workforce management and software services. In January 2023, its recruiting software division was rebranded as Vasta Platform, marking a strategic focus on AI-driven hiring and workforce optimization.

At the core of Vasta’s offering is an integrated software suite designed to streamline the entire recruiting lifecycle.