Vasta Platform (NASDAQ:VSTA) Stock Price Up 0.2% - What's Next?

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) shares shot up 0.2% on Wednesday . The stock traded as high as $4.29 and last traded at $4.25. 10,833 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 12,470 shares. The stock had previously closed at $4.24.

Wall Street Analyst Weigh In

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

Vasta Platform Stock Performance

The stock has a market cap of $339.66 million, a P/E ratio of 4.28, a PEG ratio of 0.24 and a beta of -0.12. 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 stock has a 50-day simple moving average of $4.20 and a 200-day simple moving average of $4.01.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last released 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 firm had revenue of $63.28 million for the quarter, compared to the consensus estimate of $434.00 million. Research analysts forecast that Vasta Platform Limited will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. boosted its stake in Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 19.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,378,562 shares of the company's stock after buying 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 SEC filing. 15.80% of the stock is currently owned by hedge funds and other 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.