JPMorgan Chase & Co. cut shares of Vasta Platform (NASDAQ:VSTA – Free Report) from an overweight rating to an underweight rating in a research report report published on Tuesday morning, MarketBeat.com reports.
Separately, Morgan Stanley lowered shares of Vasta Platform from an equal weight rating to an underweight rating and dropped their price objective for the stock from $4.50 to $3.00 in a research note on Friday, June 21st.
Read Our Latest Research Report on Vasta Platform
Vasta Platform Stock Down 1.8 %
Vasta Platform (NASDAQ:VSTA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.07. The business had revenue of $56.48 million during the quarter, compared to analyst estimates of $57.35 million. Vasta Platform had a positive return on equity of 1.82% and a negative net margin of 2.82%. As a group, equities research analysts predict that Vasta Platform will post 1.21 earnings per share for the current year.
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.
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