Vasta Platform (NASDAQ:VSTA) Stock Price Down 0.6% – Here’s What Happened

Vasta Platform Limited (NASDAQ:VSTA)’s share price traded down 0.6% during trading on Friday . The company traded as low as $4.92 and last traded at $4.91. 7,774 shares were traded during trading, a decline of 52% from the average session volume of 16,330 shares. The stock had previously closed at $4.94.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Vasta Platform in a research note on Tuesday. Morgan Stanley restated an “underweight” rating on shares of Vasta Platform in a research report on Wednesday, August 6th. 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, the company currently has an average rating of “Reduce”.

Vasta Platform Price Performance

The firm has a 50 day moving average price of $4.95 and a two-hundred day moving average price of $4.50. The company has a market cap of $393.78 million, a P/E ratio of 4.81, a P/E/G ratio of 0.26 and a beta of -0.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.18 and a current ratio of 1.50.

Vasta Platform (NASDAQ:VSTA) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $46.85 million for the quarter, compared to analysts’ expectations of $291.00 million. Vasta Platform had a net margin of 27.31% and a return on equity of 1.53%. On average, analysts predict that Vasta Platform Limited will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its stake in shares of Vasta Platform Limited (NASDAQ:VSTA) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,702 shares of the company’s stock after acquiring an additional 78,140 shares during the period. JPMorgan Chase & Co. owned 1.82% of Vasta Platform worth $7,240,000 at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors.

Vasta Platform Company Profile

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.