SPX Gestao de Recursos Ltda lessened its position in shares of Vasta Platform Limited (NASDAQ:VSTA – Free Report) by 25.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,061,668 shares of the company’s stock after selling 353,037 shares during the quarter. SPX Gestao de Recursos Ltda owned 1.31% of Vasta Platform worth $3,238,000 at the end of the most recent reporting period.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on VSTA. Morgan Stanley cut shares of Vasta Platform from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $4.50 to $3.00 in a report on Friday, June 21st. JPMorgan Chase & Co. downgraded Vasta Platform from an “overweight” rating to an “underweight” rating in a research note on Tuesday, August 27th.
View Our Latest Analysis on Vasta Platform
Vasta Platform Price Performance
Vasta Platform (NASDAQ:VSTA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The firm had revenue of $56.48 million during the quarter, compared to the consensus estimate of $57.35 million. Vasta Platform had a positive return on equity of 1.82% and a negative net margin of 2.82%. On average, analysts expect that Vasta Platform Limited will post 0.61 earnings per share for the current fiscal year.
About Vasta Platform
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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