Investment analysts at UBS Group started coverage on shares of Arco Platform (NASDAQ:ARCE) in a research note issued to investors on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley assumed coverage on shares of Arco Platform in a research report on Monday, October 22nd. They issued an “overweight” rating and a $27.00 target price on the stock. Itau BBA Securities assumed coverage on shares of Arco Platform in a research report on Monday, October 22nd. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, Goldman Sachs Group assumed coverage on shares of Arco Platform in a research report on Sunday, October 21st. They issued a “buy” rating and a $26.00 target price on the stock.

Shares of Arco Platform stock opened at $22.57 on Wednesday. Arco Platform has a fifty-two week low of $20.20 and a fifty-two week high of $25.59.

Institutional investors have recently modified their holdings of the business. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Arco Platform during the third quarter valued at $4,560,000. Victory Capital Management Inc. bought a new position in shares of Arco Platform during the third quarter valued at $13,431,000. Pendal Group Ltd bought a new position in shares of Arco Platform during the third quarter valued at $114,000. JPMorgan Chase & Co. bought a new position in shares of Arco Platform during the third quarter valued at $1,139,000. Finally, BlackRock Inc. bought a new position in shares of Arco Platform during the third quarter valued at $23,039,000. Hedge funds and other institutional investors own 76.54% of the company’s stock.

Arco Platform Company Profile

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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The Fly

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