Vasta Platform (NASDAQ:VSTA) Rating Lowered to Underweight at Morgan Stanley

Vasta Platform (NASDAQ:VSTAGet Free Report) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research note issued to investors on Friday, reports. They presently have a $3.00 price objective on the stock, down from their prior price objective of $4.50. Morgan Stanley’s price objective would indicate a potential downside of 4.46% from the stock’s previous close.

Vasta Platform Price Performance

Shares of Vasta Platform stock opened at $3.14 on Friday. Vasta Platform has a 52-week low of $2.95 and a 52-week high of $4.55. The stock has a market capitalization of $254.34 million, a price-to-earnings ratio of -22.43 and a beta of 0.15. The company has a fifty day moving average of $3.55 and a 200-day moving average of $3.88. 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 (NASDAQ:VSTAGet Free Report) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $111.87 million during the quarter. Vasta Platform had a negative net margin of 3.90% and a positive return on equity of 1.84%. Equities research analysts expect that Vasta Platform will post 0.31 EPS 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.

Further Reading

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