The Vasta platform (NASDAQ:VSTA – Get Rating) announced its quarterly results on Thursday. The company reported EPS of $0.34 for the quarter, missing Thomson Reuters’ consensus estimate of $0.79 per ($0.45), Fidelity Earnings reports. Vasta Platform posted a positive return on equity of 0.71% and a negative net margin of 12.85%. Vasta Platform has updated its Q1 2022 guidance for EPS.
NASDAQ: VSTA was down $0.20 in Friday’s midday session, hitting $5.75. The stock had a trading volume of 150,269 shares, compared to an average volume of 100,087. The company has a leverage ratio of 0.12, a quick ratio of 1.60 and a current ratio of 2.00. The Vasta platform has a 1-year minimum of $2.20 and a 1-year maximum of $11.14. The company’s fifty-day simple moving average is $5.50 and its 200-day simple moving average is $4.50.
VSTA has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Vasta Platform from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. launched coverage on Vasta Platform shares in a Wednesday, February 16 research note. They set a “neutral” rating and a price target of $6.00 on the stock. Three investment analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat, Vasta Platform currently has a consensus rating of “Hold” and an average target price of $10.55.
A number of institutional investors have recently shifted their VSTA holdings. Jane Street Group LLC bought a new stake in Vasta Platform in Q3 worth $270,000. Renaissance Technologies LLC purchased a new stock position in Vasta Platform during Q4 for a value of approximately $46,000. Finally, Sei Investments Co. increased its holdings in Vasta Platform shares by 18.0% during the 4th quarter. Sei Investments Co. now owns 19,643 shares of the company worth $83,000 after acquiring an additional 3,000 shares during the period. 20.13% of the shares are held by hedge funds and other institutional investors.
About the Vasta Platform (Get an evaluation)
Vasta Platform Limited, an education company, provides educational and digital solutions to private schools operating in the K-12 education sector in Brazil. The Company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers basic and complementary educational content solutions through digital and printed content, including textbooks, learning systems and other complementary educational services.
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