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

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

Vasta Platform Stock Up 1.3 %

Shares of NASDAQ VSTA opened at $3.14 on Friday. Vasta Platform has a 12-month low of $2.95 and a 12-month high of $4.55. The company has a market capitalization of $254.34 million, a PE ratio of -22.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.04 and a quick ratio of 0.84. The firm’s 50-day moving average is $3.55 and its two-hundred day moving average is $3.88.

Vasta Platform (NASDAQ:VSTA) last posted its quarterly earnings data 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 analysts anticipate that Vasta Platform will post 0.31 EPS for the current fiscal year.

Vasta Platform Company Profile

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.