Vasta Platform (NASDAQ:VITL) announced its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05), MarketWatch Earnings reports. Vasta Platform updated its FY 2020
After-Hours guidance to EPS.
VITL opened at $35.87 on Friday. Vasta Platform has a 1 year low of $34.04 and a 1 year high of $43.30.
In related news, Director Gisel Ruiz bought 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of $22.00 per share, with a total value of $198,000.00. Following the completion of the transaction, the director now owns 7,500 shares of the company’s stock, valued at $165,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Jason L. Jones sold 913,122 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $20.46, for a total transaction of $18,682,476.12. The disclosure for this sale can be found here.
Vasta Platform Company Profile
Vital Farms, Inc operates as an ethical food company in the United States. It produces five pasture-raised products sourced from animals raised on small family farms, including shell eggs, butter, hard-boiled eggs, ghee, and liquid whole eggs. The company's customers include natural retailers, mainstream retailers, and foodservice partners.
Further Reading: Diversification in Investing
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