SPX Gestao de Recursos Ltda decreased its position in Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 25.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,061,668 shares of the company's stock after selling 353,037 shares during the period. SPX Gestao de Recursos Ltda owned approximately 1.31% of Vasta Platform worth $3,238,000 as of its most recent SEC filing.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on VSTA. JPMorgan Chase & Co. cut shares of Vasta Platform from an "overweight" rating to an "underweight" rating in a report on Tuesday, August 27th. Morgan Stanley lowered shares of Vasta Platform from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $4.50 to $3.00 in a research note on Friday, June 21st.
Get Our Latest Stock Analysis on VSTA
Vasta Platform Price Performance
Shares of NASDAQ VSTA traded down $0.03 during mid-day trading on Tuesday, reaching $2.60. 8,463 shares of the company traded hands, compared to its average volume of 68,223. Vasta Platform Limited has a fifty-two week low of $2.11 and a fifty-two week high of $4.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.60 and a quick ratio of 1.27. The firm has a market cap of $210.60 million, a PE ratio of -18.57 and a beta of 0.10. The stock has a fifty day simple moving average of $2.69 and a 200-day simple moving average of $3.22.
Vasta Platform (NASDAQ:VSTA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.07. The business had revenue of $56.48 million for the quarter, compared to analyst estimates of $57.35 million. Vasta Platform had a negative net margin of 2.82% and a positive return on equity of 1.82%. Equities research analysts anticipate that Vasta Platform Limited will post 0.61 EPS for the current fiscal year.
About Vasta Platform
(
Free Report)
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.
See Also
Before you consider Vasta Platform, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vasta Platform wasn't on the list.
While Vasta Platform currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
