Vasta Platform Ltd Stock Price, News & Analysis

Vasta Platform Limited (NASDAQ: VSTA) is set to acquire Editora Eleva S.A., a K-12 education platform, through its subsidiary Somos Sistemas de Ensino S.A. The acquisition price totals R$ 580 million, structured as installments over 5 years, reflecting a 16.6x EBITDA multiple for 2020. This strategic move aims to enhance Vasta's market position and client base while establishing a long-term partnership with Eleva. Closing the acquisition is contingent on regulatory approvals and other conditions. A corresponding conference call will be held on February 23, 2021.

Vasta Platform Limited (NASDAQ: VSTA) has announced its acquisition of Meritt, Brazil's leading digital assessment platform. With over 500 schools served and an expected revenue of BRL 1.5 million for 2020, Meritt enhances Vasta's offerings by contributing to the digitalization of partner schools. The integration aims to leverage Meritt’s data analysis expertise and innovative methodologies, improving student outcomes through customized assessments. The integration will commence in early 2021, aligning with Vasta's mission to enhance educational solutions in Brazil.

Vasta Platform Limited (NASDAQ: VSTA) reported its financial results for Q3 2020, revealing a subscription revenue of R$692 million, an 18% increase from the previous sales cycle. Despite a slight 3% drop compared to the Annual Contract Value (ACV) of R$716 million, the company remained resilient during economic instability caused by the pandemic. Vasta secured R$835 million in ACV for 2021, indicating a 21% rise compared to 2020. With a net revenue of R$141.4 million for Q3 2020, up 4.1% year-over-year, and an adjusted EBITDA of R$12.1 million, the company showed solid growth and operational stability.

Vasta Platform Limited (NASDAQ: VSTA) will report its third quarter 2020 financial results on November 13, 2020, before the market opens. A conference call is scheduled for 9:00 a.m. Eastern Time on the same day, allowing investors to discuss the results. Vasta is a technology-driven education company in Brazil focused on enhancing digital solutions for private K-12 schools, aiming to support their growth and transformation. The company emphasizes improving educational quality and efficiency through innovative technological integration.

Vasta Platform Limited (NASDAQ: VSTA) reported its 2Q20 financial results, highlighting a net revenue of R$120.2 million, down 12.9% YoY, yet up 4.4% for the first half of 2020. Subscription revenue grew by 2% YoY, and adjusted EBITDA was negative R$1.7 million for the quarter but positive R$125.6 million for the first half. The company's digital platform, Plurall, conducted over 3 million online classes during the pandemic. Vasta anticipates 2020 ACV bookings of R$676 million, reflecting an 18% growth, despite challenges posed by COVID-19.

Vasta Platform Limited (NASDAQ: VSTA) has rescheduled its second quarter 2020 earnings conference call to 8:00 am ET on August 21, 2020, from the previously planned time of 11:00 am ET. No changes have been made to the dial-in details. A financial results press release will be issued after market close on August 20, 2020. Investors can join the call by dialing +1 (833) 519-1336 or +1 (914) 800-3898. Additionally, an audio replay will be available until August 28, 2020. Vasta is a key player in Brazil's educational sector, focusing on digital solutions for K-12 schools.

Vasta Platform Limited (NASDAQ: VSTA) will report its second quarter 2020 financial results on August 20, 2020, after market close. A conference call is scheduled for August 21, 2020, at 11:00 a.m. Eastern Time, where investors can dial in at +1 (833) 519-1336 or +1 (914) 800-3898. Vasta is a leading Brazilian education company focused on providing digital solutions to private K-12 schools, supporting their digital transformation and enhancing educational outcomes.

Vasta Platform Limited (NASDAQ: VSTA) has successfully closed its initial public offering, selling 18,575,492 Class A common shares at a price of $19.00 each, totaling approximately $333.5 million in net proceeds. The shares began trading on July 31, 2020. Additionally, underwriters have a 30-day option to purchase up to 2,786,323 more shares. The offering is coordinated by major financial institutions including Goldman Sachs and BofA Securities.

Vasta Platform Limited (NASDAQ: VSTA) announced the pricing of its initial public offering (IPO) of 18,575,492 Class A common shares at $19.00 per share. Trading is set to commence on the Nasdaq Global Select Market on July 31, 2020, with the offering closing on August 4, 2020, pending customary conditions. The underwriters have a 30-day option to purchase an additional 2,786,323 shares. Major global coordinators include Goldman Sachs, BofA Securities, and Morgan Stanley.