Vasta Platform (NASDAQ:VITL) Posts Earnings Results, Misses Estimates By $0.05 EPS

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.

A number of brokerages recently commented on VITL. Morgan Stanley assumed coverage on shares of Vasta Platform in a research note on Tuesday, August 25th. They issued an “equal weight” rating and a $37.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Vasta Platform in a research note on Tuesday, August 25th. They set a “buy” rating and a $47.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Vasta Platform in a research note on Tuesday, August 25th. They set a “buy” rating and a $43.00 price target on the stock. Credit Suisse Group assumed coverage on shares of Vasta Platform in a research note on Tuesday, August 25th. They set a “neutral” rating and a $35.00 price target on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Vasta Platform in a research note on Tuesday, August 25th. They set a “neutral” rating and a $37.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.83.

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.

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