Vasta Platform (NASDAQ:VSTA) Issues Earnings Results

Key Points

• Vasta Platform reported a quarterly loss of ($0.06) EPS, falling short of the consensus estimate of $0.03 by $0.09.
• The company's revenue was $63.28 million, significantly below analysts' expectations of $434.00 million.
• Morgan Stanley has restated an "underweight" rating on Vasta Platform shares following the earnings announcement.

Vasta Platform (NASDAQ:VSTA - Get Free Report) issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.09), Zacks reports. The business had revenue of $63.28 million for the quarter, compared to analysts' expectations of $434.00 million. Vasta Platform had a return on equity of 1.20% and a net margin of 26.88%.

Vasta Platform Price Performance

Shares of NASDAQ VSTA traded down $0.01 during midday trading on Wednesday, hitting $4.27. The stock had a trading volume of 28,440 shares, compared to its average volume of 32,917. The company has a market capitalization of $342.45 million, a PE ratio of 4.31, a P/E/G ratio of 0.24 and a beta of -0.12. The stock has a 50 day simple moving average of $4.20 and a 200-day simple moving average of $3.94. Vasta Platform has a 1 year low of $1.60 and a 1 year high of $5.49. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reiterated an "underweight" rating on shares of Vasta Platform in a research report on Wednesday, August 6th.

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its position in Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 19.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,378,562 shares of the company's stock after acquiring an additional 220,161 shares during the quarter. JPMorgan Chase & Co. owned about 1.72% of Vasta Platform worth $5,900,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.80% of the company's stock.

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.