Arco Platform Ltd (NASDAQ:ARCE) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totalling 595,700 shares, an increase of 62.9% from the February 27th total of 365,700 shares. Based on an average daily volume of 248,400 shares, the short-interest ratio is currently 2.4 days. Approximately 4.7% of the shares of the company are short sold.
Shares of NASDAQ:ARCE opened at $45.94 on Friday. The business’s fifty day moving average price is $50.55 and its two-hundred day moving average price is $47.02. Arco Platform has a fifty-two week low of $28.35 and a fifty-two week high of $59.49. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -765.67, a price-to-earnings-growth ratio of 0.69 and a beta of 0.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.50 and a quick ratio of 2.40.
Arco Platform (NASDAQ:ARCE) last announced its quarterly earnings results on Monday, March 16th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.24. Arco Platform had a positive return on equity of 9.64% and a negative net margin of 1.60%. The firm had revenue of $60.18 million for the quarter. Research analysts expect that Arco Platform will post 1.24 EPS for the current fiscal year.
A number of research firms have recently issued reports on ARCE. Morgan Stanley cut Arco Platform from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research report on Monday, March 16th. BidaskClub cut Arco Platform from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Investment Research upgraded Arco Platform from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research report on Friday, March 13th. UBS Group lowered their price target on Arco Platform from $56.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, ValuEngine upgraded Arco Platform from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.33.
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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