Arco Platform Ltd (NASDAQ:ARCE)’s share price hit a new 52-week high on Friday . The stock traded as high as $27.70 and last traded at $27.23, with a volume of 1733 shares trading hands. The stock had previously closed at $26.71.
Several equities analysts have recently weighed in on ARCE shares. UBS Group started coverage on Arco Platform in a research report on Wednesday, November 21st. They issued a “buy” rating and a $28.00 price target for the company. Zacks Investment Research cut Arco Platform from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Arco Platform has an average rating of “Buy” and a consensus target price of $27.00.
A number of large investors have recently bought and sold shares of ARCE. Acadian Asset Management LLC bought a new stake in Arco Platform during the fourth quarter valued at $159,000. Point72 Hong Kong Ltd bought a new stake in Arco Platform during the third quarter valued at $204,000. Virtu Financial LLC bought a new stake in Arco Platform during the third quarter valued at $266,000. Hound Partners LLC bought a new stake in Arco Platform during the third quarter valued at $329,000. Finally, BlueMountain Capital Management LLC bought a new stake in Arco Platform during the third quarter valued at $342,000.
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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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