Morgan Stanley Lowers Vasta Platform (NASDAQ:VSTA) to Underweight

Morgan Stanley lowered shares of Vasta Platform (NASDAQ:VSTAFree Report) from an equal weight rating to an underweight rating in a report published on Friday, MarketBeat.com reports. The firm currently has $3.00 target price on the stock, down from their previous target price of $4.50.

Vasta Platform Stock Up 1.3 %

Shares of Vasta Platform stock opened at $3.14 on Friday. The company has a market cap of $254.35 million, a P/E ratio of -22.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 1.04. Vasta Platform has a one year low of $2.95 and a one year high of $4.55. The firm has a fifty day moving average of $3.55 and a two-hundred day moving average of $3.87.

Vasta Platform (NASDAQ:VSTAGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $93.06 million during the quarter, compared to the consensus estimate of $91.17 million. Vasta Platform had a negative net margin of 3.90% and a positive return on equity of 1.84%. On average, analysts forecast that Vasta Platform will post 0.31 earnings per share for the current year.

Vasta Platform Company Profile

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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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