Vasta Platform (NASDAQ:VSTA) Stock Price Down 0.4% – What’s Next?

Shares of Vasta Platform Limited (NASDAQ:VSTA) dropped 0.4% during mid-day trading on Monday . The stock traded as low as $4.91 and last traded at $4.96. Approximately 1,494 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 9,827 shares. The stock had previously closed at $4.98.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Vasta Platform in a report on Monday, December 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Vasta Platform Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $4.95 and its 200-day moving average price is $4.60. The stock has a market capitalization of $397.79 million, a PE ratio of 4.86, a PEG ratio of 0.23 and a beta of -0.28.

Vasta Platform (NASDAQ:VSTA) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Vasta Platform had a return on equity of 1.53% and a net margin of 27.31%.The company had revenue of $46.85 million for the quarter, compared to the consensus estimate of $291.00 million. On average, equities analysts forecast 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 position in shares of Vasta Platform Limited (NASDAQ:VSTA) by 19.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,378,562 shares of the company’s stock after purchasing 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 SEC filing. 15.80% of the stock is owned by hedge funds and other 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.