Renaissance Technologies LLC lowered its position in shares of Vasta Platform Limited (NASDAQ:VSTA – Free Report) by 17.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,400 shares of the company’s stock after selling 4,900 shares during the period. Renaissance Technologies LLC’s holdings in Vasta Platform were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Vasta Platform from an “overweight” rating to an “underweight” rating in a report on Tuesday, August 27th. Morgan Stanley downgraded shares of Vasta Platform from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $4.50 to $3.00 in a report on Friday, June 21st.
Read Our Latest Stock Report on Vasta Platform
Vasta Platform Stock Down 0.8 %
Vasta Platform (NASDAQ:VSTA – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share 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 negative net margin of 2.82% and a positive return on equity of 1.82%. Research analysts expect that Vasta Platform Limited will post 0.61 earnings per share for the current year.
Vasta Platform 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.
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