Vasta Platform (NASDAQ:VSTA) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Vasta Platform (NASDAQ:VSTAGet Rating) from a hold rating to a strong sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Vasta Platform Limited is an education company principally in Brazil powered by technology, providing end-to-end educational and digital solutions which cater to all needs of private schools operating in the K-12 educational segment. Vasta Platform Limited is based in SAO PAULO. “

Separately, JPMorgan Chase & Co. increased their price objective on shares of Vasta Platform from $6.00 to $6.50 in a research note on Tuesday, April 5th.

Shares of NASDAQ:VSTA opened at $5.49 on Wednesday. The stock has a market cap of $455.74 million, a P/E ratio of -20.33, a P/E/G ratio of 0.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.67 and a quick ratio of 1.36. Vasta Platform has a 1-year low of $2.20 and a 1-year high of $10.18. The firm has a fifty day moving average price of $5.65 and a 200 day moving average price of $4.57.

Vasta Platform (NASDAQ:VSTAGet Rating) last announced its quarterly earnings data on Thursday, March 24th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The company had revenue of $73.82 million during the quarter, compared to the consensus estimate of $77.41 million. Vasta Platform had a negative net margin of 12.85% and a positive return on equity of 0.72%. Sell-side analysts expect that Vasta Platform will post 0.2 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in VSTA. Newfoundland Capital Management boosted its stake in shares of Vasta Platform by 68.6% during the 4th quarter. Newfoundland Capital Management now owns 3,386,561 shares of the company’s stock worth $14,325,000 after purchasing an additional 1,378,048 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Vasta Platform by 35.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,529,343 shares of the company’s stock worth $14,929,000 after purchasing an additional 932,073 shares during the last quarter. Ronit Capital LLP boosted its stake in shares of Vasta Platform by 37.9% during the 4th quarter. Ronit Capital LLP now owns 1,272,471 shares of the company’s stock worth $5,383,000 after purchasing an additional 349,739 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Vasta Platform during the 3rd quarter worth about $270,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Vasta Platform during the 4th quarter worth about $46,000. 20.13% of the stock is currently owned by institutional investors.

Vasta Platform Company Profile (Get Rating)

Vasta Platform Limited, an education company, provides educational and digital solutions to private schools operating in the K-12 educational sector in Brazil. The company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers core and complementary educational content solutions through digital and printed content, including textbooks, learning systems, and other complimentary educational services.

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