Vasta Platform (NASDAQ:VSTA) Issues Earnings Results

Vasta Platform (NASDAQ:VSTA) posted its earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), Zacks reports. Vasta Platform had a net margin of 26.88% and a return on equity of 1.20%.

Vasta Platform Price Performance

NASDAQ:VSTA traded up $0.04 during mid-day trading on Thursday, reaching $4.97. 25,761 shares of the stock were exchanged, compared to its average volume of 24,379. The business has a fifty day moving average price of $4.84 and a 200 day moving average price of $4.45. The firm has a market capitalization of $398.59 million, a PE ratio of 5.02, a PEG ratio of 0.26 and a beta of -0.10. Vasta Platform has a 1-year low of $1.60 and a 1-year high of $5.49. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10.

Analyst Ratings Changes

VSTA has been the topic of a number of research analyst reports. Morgan Stanley reissued an “underweight” rating on shares of Vasta Platform in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Vasta Platform in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Vasta Platform presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its position in shares of Vasta Platform Limited (NASDAQ:VSTA) by 19.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,378,562 shares of the company’s stock after acquiring 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 quarter. 15.80% of the stock is owned by institutional investors and hedge funds.

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.