Vasta Platform (NASDAQ:VSTA) Shares Up 0.2% - Should You Buy?

Key Points

• Vasta Platform Limited shares increased by 0.2% to $4.25, with a trading volume of 10,833 shares—down 13% from its average.
• The company reported a loss of $0.06 EPS for the last quarter, falling significantly short of analysts' expectations of $0.03.
• Institutional investor JPMorgan Chase & Co. increased its position in Vasta by 19%, owning about 1.72% of the company after adding an additional 220,161 shares.

Vasta Platform Limited (NASDAQ:VSTA - Get Free Report) was up 0.2% during trading on Wednesday . The company traded as high as $4.29 and last traded at $4.25. Approximately 10,833 shares changed hands during trading, a decline of 13% from the average daily volume of 12,470 shares. The stock had previously closed at $4.24.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reissued an "underweight" rating on shares of Vasta Platform in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, Vasta Platform currently has a consensus rating of "Sell".

Vasta Platform Price Performance

The stock has a market cap of $333.23 million, a price-to-earnings ratio of 4.20, a price-to-earnings-growth ratio of 0.24 and a beta of -0.12. The stock has a fifty day simple moving average of $4.20 and a 200-day simple moving average of $4.03. The company has a current ratio of 1.19, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last released its 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). The business had revenue of $63.28 million during the quarter, compared to analyst estimates of $434.00 million. Vasta Platform had a net margin of 26.88% and a return on equity of 1.20%. As a group, equities research analysts expect that Vasta Platform Limited will post 0.19 EPS for the current year.

Institutional Trading of Vasta Platform

An institutional investor recently raised its position in Vasta Platform stock. JPMorgan Chase & Co. lifted its position in shares of Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.