Vasta Platform (NASDAQ:VSTA) Posts Earnings Results

Vasta Platform (NASDAQ:VSTA) released its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02), Zacks reports. Vasta Platform had a net margin of 26.88% and a return on equity of 1.20%.

Vasta Platform Stock Performance

Vasta Platform stock traded up $0.04 during mid-day trading on Thursday, reaching $4.97. The company’s stock had a trading volume of 25,761 shares, compared to its average volume of 33,604. 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 has a twelve month low of $1.60 and a twelve month high of $5.49. The business has a 50 day moving average price of $4.83 and a 200-day moving average price of $4.44. The firm has a market cap of $398.60 million, a price-to-earnings ratio of 5.02, a PEG ratio of 0.26 and a beta of -0.10.

Hedge Funds Weigh In On Vasta Platform

A hedge fund recently raised its stake in Vasta Platform stock. JPMorgan Chase & Co. grew its stake in shares of Vasta Platform Limited (NASDAQ:VSTA) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing. 15.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on VSTA shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vasta Platform in a report on Wednesday, October 8th. Morgan Stanley reissued an “underweight” rating on shares of Vasta Platform in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About Vasta Platform

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.