Vasta Platform (NASDAQ:VSTA) Trading 0.2% Higher - Here's Why

Key Points

• Vasta Platform's stock (NASDAQ:VSTA) traded up 0.2% to $4.95, with trading volume significantly down by 87% from the average.
• Analysts have issued mixed ratings for Vasta Platform, with Weiss Ratings maintaining a "hold" rating while Morgan Stanley recommended an "underweight" rating.
• The company reported a quarterly loss with EPS of ($0.06), missing expectations, and forecasted earnings of 0.19 per share for the current year.

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) traded up 0.2% during mid-day trading on Monday . The stock traded as high as $4.97 and last traded at $4.95. 7,625 shares changed hands during trading, a decline of 87% from the average session volume of 56,944 shares. The stock had previously closed at $4.94.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vasta Platform in a report on Saturday, September 27th. Morgan Stanley reaffirmed an "underweight" rating on shares of Vasta Platform in a report on Wednesday, August 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Vasta Platform has an average rating of "Reduce".

Vasta Platform Trading Up 0.2%

The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $4.51 and its two-hundred day simple moving average is $4.37. The stock has a market capitalization of $396.99 million, a P/E ratio of 5.00, a P/E/G ratio of 0.26 and a beta of -0.02.

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

Hedge Funds Weigh In On Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. grew its holdings in Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 19.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,378,562 shares of the company's stock after buying an additional 220,161 shares during the quarter. JPMorgan Chase & Co. owned 1.72% of Vasta Platform worth $5,900,000 as of its most recent filing with the SEC. 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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