Vasta Platform (NASDAQ:VSTA) Shares Down 0.6% – Here’s Why

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

Analysts Set New Price Targets

VSTA has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Vasta Platform in a report on Tuesday. 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 issued a Sell rating to the company’s stock. According to MarketBeat, Vasta Platform has a consensus rating of “Reduce”.

Vasta Platform Trading Down 0.6%

The company has a market capitalization of $393.78 million, a PE ratio of 4.81, a P/E/G ratio of 0.26 and a beta of -0.10. 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 moving average price of $4.95 and a 200 day moving average price of $4.49.

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

Institutional Trading of Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. boosted its stake in Vasta Platform Limited (NASDAQ:VSTA) by 19.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period. 15.80% of the stock is owned by hedge funds and other institutional investors.

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.