ValuEngine Lowers Arco Platform (NASDAQ:ARCE) to Sell

Arco Platform (NASDAQ:ARCE) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Separately, Bank of America initiated coverage on Arco Platform in a research note on Thursday, August 29th. They issued a “buy” rating for the company.

Shares of ARCE traded down $1.50 on Wednesday, hitting $46.39. 124,800 shares of the stock traded hands, compared to its average volume of 109,742. Arco Platform has a one year low of $17.68 and a one year high of $56.74. The company has a market capitalization of $1.09 billion, a PE ratio of 171.81, a P/E/G ratio of 7.60 and a beta of 0.51. The business has a 50 day simple moving average of $42.93 and a 200 day simple moving average of $44.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.21.

Arco Platform (NASDAQ:ARCE) last released its quarterly earnings data on Tuesday, November 26th. The company reported ($0.11) earnings per share (EPS) for the quarter. Arco Platform had a negative net margin of 28.35% and a positive return on equity of 8.92%. The business had revenue of $17.81 million during the quarter. On average, equities analysts expect that Arco Platform will post 0.13 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Arco Platform by 112.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 241,430 shares of the company’s stock valued at $10,570,000 after acquiring an additional 127,995 shares during the period. Keybank National Association OH bought a new position in Arco Platform during the second quarter valued at approximately $229,000. SG Americas Securities LLC bought a new position in Arco Platform during the second quarter valued at approximately $1,269,000. Amundi Pioneer Asset Management Inc. bought a new position in Arco Platform during the second quarter valued at approximately $1,975,000. Finally, BlackRock Inc. boosted its holdings in Arco Platform by 9.4% in the second quarter. BlackRock Inc. now owns 1,159,685 shares of the company’s stock worth $50,771,000 after purchasing an additional 99,989 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.

About Arco Platform

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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