Vasta Platform Limited (NASDAQ:VSTA – Get Rating) shares traded down 1.2% during trading on Thursday . The stock traded as low as $3.76 and last traded at $3.96. 82,897 shares traded hands during mid-day trading, an increase of 378% from the average session volume of 17,347 shares. The stock had previously closed at $4.01.
Analysts Set New Price Targets
Separately, Morgan Stanley lowered shares of Vasta Platform from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $23.50 to $6.00 in a report on Friday, October 21st.
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Vasta Platform Stock Down 1.2 %
The company's fifty day moving average price is $5.13 and its 200-day moving average price is $4.97. The stock has a market capitalization of $330.22 million, a PE ratio of -15.23 and a beta of 0.30. The company has a quick ratio of 1.45, a current ratio of 1.83 and a debt-to-equity ratio of 0.16.
Hedge Funds Weigh In On Vasta Platform
Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new position in shares of Vasta Platform during the first quarter valued at approximately $67,000. Renaissance Technologies LLC increased its position in shares of Vasta Platform by 71.6% during the first quarter. Renaissance Technologies LLC now owns 18,700 shares of the company's stock valued at $107,000 after acquiring an additional 7,800 shares in the last quarter. State Street Corp bought a new stake in shares of Vasta Platform during the first quarter valued at approximately $120,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Vasta Platform by 1.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,347,009 shares of the company's stock valued at $17,572,000 after acquiring an additional 53,189 shares in the last quarter. Finally, Newfoundland Capital Management increased its position in shares of Vasta Platform by 2.8% during the third quarter. Newfoundland Capital Management now owns 3,558,595 shares of the company's stock valued at $18,683,000 after acquiring an additional 96,544 shares in the last quarter. 21.65% of the stock is currently owned by hedge funds and other institutional investors.
About Vasta Platform
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Vasta Platform Limited, an education company, provides educational printed and digital solutions to private schools operating in the K-12 education sector in Brazil. The company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers core and complementary educational content solutions through digital and printed content, including textbooks, learning systems, and other complimentary educational services.
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