Vasta Platform's (VSTA) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Vasta Platform's stock has been given a "Hold (C-)" rating by Weiss Ratings, with Morgan Stanley reaffirming an "underweight" rating.
• The company reported a loss of ($0.06) EPS which was below the consensus estimate of $0.03, alongside revenue of $63.28 million compared to expectations of $434.00 million.
• JPMorgan Chase & Co. increased its stake by 19.0% in the second quarter, owning approximately 1.72% of the company, showcasing ongoing institutional interest.

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

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

Vasta Platform Stock Performance

Vasta Platform stock remained flat at $4.98 during mid-day trading on Friday. The company's stock had a trading volume of 11,509 shares, compared to its average volume of 33,428. The company has a quick ratio of 0.99, a current ratio of 1.19 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $4.44. Vasta Platform has a twelve month low of $1.60 and a twelve month high of $5.49. The company has a market capitalization of $399.40 million, a P/E ratio of 41.50, a PEG ratio of 0.27 and a beta of -0.02.

Vasta Platform (NASDAQ:VSTA - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.06) EPS 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 company had revenue of $63.28 million during the quarter, compared to the consensus estimate of $434.00 million. Equities research analysts anticipate that Vasta Platform will post 0.19 EPS for the current year.

Institutional Trading of Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. increased its holdings in shares of Vasta Platform Limited (NASDAQ:VSTA - Free Report) by 19.0% in the 2nd quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period. 15.80% of the stock is 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.

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