Vasta Platform (NASDAQ:VSTA) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Vasta Platform (NASDAQ:VSTA) has been assigned a "hold (C-)" rating by Weiss Ratings and a separate "underweight" rating by Morgan Stanley, indicating a cautious outlook for the stock.
• The company reported a net loss of ($0.06) earnings per share for the last quarter, significantly below the consensus estimate of $0.03, and its revenue was notably short of forecasts at $63.28 million.
• JPMorgan Chase raised its position in Vasta Platform by 19.0%, owning approximately 1.72% of the company, highlighting continued institutional interest despite the company's challenges.

Vasta Platform (NASDAQ:VSTA - Get Free Report)'s stock had its "hold (c-)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Morgan Stanley restated an "underweight" rating on shares of Vasta Platform in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Vasta Platform presently has a consensus rating of "Reduce".

Vasta Platform Price Performance

Shares of VSTA stock traded up $0.04 during mid-day trading on Wednesday, hitting $4.96. The company had a trading volume of 6,267 shares, compared to its average volume of 34,611. Vasta Platform has a 52-week low of $1.60 and a 52-week high of $5.49. The stock's 50 day moving average price is $4.52 and its 200-day moving average price is $4.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.19 and a quick ratio of 0.99. The company has a market capitalization of $397.79 million, a P/E ratio of 5.01, a P/E/G ratio of 0.26 and a beta of -0.02.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.09). Vasta Platform had a return on equity of 1.20% and a net margin of 26.88%.The business had revenue of $63.28 million during the quarter, compared to the consensus estimate of $434.00 million. Equities research analysts forecast that Vasta Platform will post 0.19 earnings per share for the current year.

Institutional Trading of Vasta Platform

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 - Free Report) by 19.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,378,562 shares of the company's stock after purchasing an additional 220,161 shares during the quarter. 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 currently 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.

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