Vasta Platform (NASDAQ:VSTA) Downgraded by Morgan Stanley

Vasta Platform (NASDAQ:VSTA) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Friday, MarketBeat reports. They currently have a $3.00 price target on the stock, down from their prior price target of $4.50. Morgan Stanley’s price objective indicates a potential downside of 3.23% from the company’s current price.

Vasta Platform Price Performance

VSTA stock opened at $3.10 on Friday. The firm has a 50 day moving average of $3.58 and a 200-day moving average of $3.89. The company has a current ratio of 1.04, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $251.10 million, a P/E ratio of -22.14 and a beta of 0.15. Vasta Platform has a 12 month low of $2.98 and a 12 month high of $4.55.

Vasta Platform (NASDAQ:VSTA) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $0.22 EPS for the quarter. The firm 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%. As a group, sell-side analysts predict that Vasta Platform will post 0.31 earnings per share 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.