Arco Platform (NASDAQ:ARCE) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Arco Platform (NASDAQ:ARCE) from a hold rating to a sell rating in a research report sent to investors on Wednesday, ValuEngine reports.

A number of other research analysts also recently issued reports on ARCE. Bank of America initiated coverage on shares of Arco Platform in a research report on Thursday, August 29th. They set a buy rating on the stock. Credit Suisse Group initiated coverage on shares of Arco Platform in a research report on Tuesday, June 25th. They set a neutral rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Arco Platform has a consensus rating of Buy and an average price target of $27.00.

Shares of Arco Platform stock traded down $0.08 during trading on Wednesday, reaching $49.91. 26,801 shares of the company traded hands, compared to its average volume of 68,014. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.19 and a quick ratio of 5.12. Arco Platform has a 1-year low of $17.68 and a 1-year high of $56.74. The company has a 50 day moving average price of $47.58 and a 200-day moving average price of $41.12. The firm has a market capitalization of $1.13 billion and a PE ratio of 184.85.

Arco Platform (NASDAQ:ARCE) last released its earnings results on Tuesday, August 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Arco Platform had a negative net margin of 18.12% and a positive return on equity of 7.25%. The company had revenue of $35.09 million for the quarter. Equities research analysts expect that Arco Platform will post 0.49 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Jackson Square Partners LLC raised its holdings in shares of Arco Platform by 0.9% in the first quarter. Jackson Square Partners LLC now owns 1,689,032 shares of the company’s stock valued at $54,538,000 after purchasing an additional 15,585 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Arco Platform by 9.4% in the second quarter. BlackRock Inc. now owns 1,159,685 shares of the company’s stock valued at $50,771,000 after purchasing an additional 99,989 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Arco Platform by 3.6% in the second quarter. Victory Capital Management Inc. now owns 902,441 shares of the company’s stock valued at $39,508,000 after purchasing an additional 31,261 shares during the last quarter. Tekne Capital Management LLC raised its holdings in shares of Arco Platform by 7.0% in the second quarter. Tekne Capital Management LLC now owns 465,540 shares of the company’s stock valued at $20,382,000 after purchasing an additional 30,645 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Arco Platform by 112.8% in the second quarter. Bank of New York Mellon Corp now owns 241,430 shares of the company’s stock valued at $10,570,000 after purchasing an additional 127,995 shares during the last quarter. Institutional investors own 91.13% of the company’s stock.

About Arco Platform

Arco Platform Limited, a technology company in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform.

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Analyst Recommendations for Arco Platform (NASDAQ:ARCE)

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