Arco Platform Ltd (NASDAQ:ARCE)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $44.90 and last traded at $44.90, with a volume of 1423 shares trading hands. The stock had previously closed at $43.90.
Separately, Zacks Investment Research lowered shares of Arco Platform from a “hold” rating to a “sell” rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.00.
The company has a market cap of $1.00 billion and a price-to-earnings ratio of 161.96.
Institutional investors and hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in shares of Arco Platform during the 1st quarter worth $102,000. Acadian Asset Management LLC acquired a new position in shares of Arco Platform during the 4th quarter worth $159,000. BNP Paribas Arbitrage SA acquired a new position in shares of Arco Platform during the 1st quarter worth $174,000. Champlain Investment Partners LLC acquired a new position in shares of Arco Platform during the 1st quarter worth $455,000. Finally, GAM Holding AG acquired a new position in shares of Arco Platform during the 1st quarter worth $814,000. Institutional investors own 90.78% of the company’s stock.
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Arco Platform Company Profile (NASDAQ:ARCE)
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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