Arco Platform (NASDAQ:ARCE) Upgraded to Hold at ValuEngine

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ValuEngine upgraded shares of Arco Platform (NASDAQ:ARCE) from a sell rating to a hold rating in a report published on Wednesday, ValuEngine reports.

Separately, Bank of America began coverage on Arco Platform in a research report on Thursday, August 29th. They issued a buy rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Arco Platform currently has a consensus rating of Hold and an average price target of $28.00.

ARCE stock traded up $1.38 during trading on Wednesday, hitting $42.30. 107,592 shares of the company traded hands, compared to its average volume of 103,442. The stock’s 50-day simple moving average is $44.20 and its 200 day simple moving average is $43.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.19 and a quick ratio of 5.12. The company has a market cap of $1.02 billion, a PE ratio of 156.67, a P/E/G ratio of 6.83 and a beta of 0.54. Arco Platform has a 1 year low of $17.68 and a 1 year high of $56.74.

Arco Platform (NASDAQ:ARCE) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $35.09 million during the quarter. Arco Platform had a positive return on equity of 7.25% and a negative net margin of 18.12%. Research analysts expect that Arco Platform will post 0.13 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Keybank National Association OH purchased a new stake in shares of Arco Platform in the second quarter valued at approximately $229,000. California Public Employees Retirement System purchased a new stake in shares of Arco Platform in the third quarter valued at approximately $301,000. Parametric Portfolio Associates LLC boosted its stake in shares of Arco Platform by 95.2% in the second quarter. Parametric Portfolio Associates LLC now owns 13,507 shares of the company’s stock worth $591,000 after acquiring an additional 6,588 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Arco Platform in the second quarter worth approximately $312,000. Finally, Castleark Management LLC acquired a new stake in shares of Arco Platform in the second quarter worth approximately $665,000. Institutional investors and hedge funds own 90.28% of the company’s stock.

About Arco Platform

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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