Fintel reports that on August 31, 2023, JP Morgan upgraded their outlook for Vasta Platform Ltd (NASDAQ:VSTA) from Neutral to Overweight .
Analyst Price Forecast Suggests 50.49% Upside
As of August 31, 2023, the average one-year price target for Vasta Platform Ltd is 5.51. The forecasts range from a low of 4.04 to a high of $6.72. The average price target represents an increase of 50.49% from its latest reported closing price of 3.66.
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The projected annual revenue for Vasta Platform Ltd is 1,501MM, an increase of 9.72%. The projected annual non-GAAP EPS is 0.81.
What is the Fund Sentiment?
There are 22 funds or institutions reporting positions in Vasta Platform Ltd. This is a decrease of 4 owner(s) or 15.38% in the last quarter. Average portfolio weight of all funds dedicated to VSTA is 4.68%, an increase of 52.80%. Total shares owned by institutions decreased in the last three months by 3.34% to 16,044K shares.
What are Other Shareholders Doing?
Compass Group holds 4,035K shares representing 4.93% ownership of the company. No change in the last quarter.
Newfoundland Capital Management holds 3,413K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 3,513K shares, representing a decrease of 2.93%. The firm increased its portfolio allocation in VSTA by 34.01% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 3,347K shares representing 4.09% ownership of the company. No change in the last quarter.
FLATX - Fidelity Latin America Fund holds 1,726K shares representing 2.11% ownership of the company. No change in the last quarter.
VAESX - Virtus KAR Emerging Markets Small-Cap Fund holds 1,392K shares representing 1.70% ownership of the company. No change in the last quarter.
Vasta Platform Background Information
(This description is provided by the company.)
Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment, ultimately benefiting all of Vasta’s stakeholders, including students, parents, educators, administrators and private school owners. Vasta’s mission is to help private K-12 schools to be better and more profitable, supporting their digital transformation. Vasta believes it is uniquely positioned to help schools in Brazil undergo the process of digital transformation and bring their education skill-set to the 21st century. Vasta promotes the unified use of technology in K-12 education with enhanced data and actionable insight for educators, increased collaboration among support staff and improvements in production, efficiency and quality.
Additional reading:
- VASTA PLATFORM LIMITED NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS To Be Held 21 September 2023
- VASTA PLATFORM LIMITED Av. Paulista, 901, 1st Floor Bela Vista, São Paulo – SP 01310-100, Brazil PROXY STATEMENT
- --------- - 0 VASTA PLATFORM LIMITED Proxy for Annual General Meeting of Shareholders on September 21, 2023 Solicited on Behalf of the Board of Directors I/We _____________________________________________________________________ Please Print Name(s)
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