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. As of March 31, 2021, it had a network consisted of 6,119 partner schools and 1,785,576 enrolled students. The company's activities also comprise editing, publishing, advertising, and sale of educational content for private schools. It serves students, teachers, administrators, and parents. Arco Platform Limited was founded in 1941 and is based in Sao Paulo, Brazil.
IPO Year: 2018
Exchange: NASDAQ
Website: arcoeducacao.com.br
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/14/2023 | $17.00 → $14.00 | Overweight → Neutral | JP Morgan |
| 10/27/2022 | $19.00 → $12.00 | Buy → Neutral | Goldman |
| 8/30/2022 | $21.00 → $20.00 | Neutral → Overweight | JP Morgan |
| 8/26/2022 | $27.00 → $18.00 | Outperform → Neutral | Credit Suisse |
| 2/16/2022 | $22.00 | Neutral | JP Morgan |
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Arco Platform Limited, or Arco (NASDAQ:ARCE), today announces that it has appointed Beatriz Amary and Carla Schmitzberger to its Audit Committee, effective as of today. Ms. Amary and Ms. Schmitzberger joined Arco's Board of Directors as independent members in February 2021, and with this appointment the Board has filled all three seats on the Audit Committee. Name Position Edward Ruiz Independent Director and Chairman of the Audit Committee Beatriz Amary Independent Director and Member of the Audit Committee Carla Schmitzberger Independent Director and Member of the Audit Committee About Arco Platform Limited (NASDAQ:ARCE) Arco has empowered hundreds
Arco Platform Limited, or Arco (NASDAQ:ARCE), announced today that it has appointed Paula Soares de Sá Cavalcante to its Board of Directors, effective as of today. The appointment of Ms. Cavalcante, a shareholder from Arco's founding family, is part of a long-term succession plan for Mr. Oto de Sá Cavalcante and reinforces the family's long-term commitment to Arco. Ms. Cavalcante holds a bachelor's degree in Business Administration from the University of Fortaleza and a postgraduate degree in Finance from Insper. She worked at Deloitte in the auditing and mergers and acquisitions areas for 4 years. Arco's Board of Directors is now composed of three members of the controlling family, incl
SÃO PAULO, Brazil--(BUSINESS WIRE)--Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today that it has appointed Carla Schmitzberger and Beatriz Amary to its Board of Directors as independent members, effective as of today. "It’s an honor to welcome Beatriz and Carla to Arco’s Board of Directors. Beatriz, with her remarkable knowledge of technology and education investing, and Carla, with her distinguished experience in brand development and global operations, will sharpen our decision-making and accelerate our mission of delivering high quality education at scale," said Ari de Sá Cavalcante Neto, Arco’s founder and Chief Executive Officer. Ms. Schmitzberger was a vice-p
SÃO PAULO, Brazil--(BUSINESS WIRE)--Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that its Board of Directors has approved a share repurchase program, or the Repurchase Program, to comply with management long-term incentive plan obligations. Under the Repurchase Program, Arco may repurchase up to 500,000 of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on January 6th, 2021 continuing until the earlier of the completion of the repurchase or January 6th, 2023, depending upon market conditions. Arco’s Board of Directors will review the Repurchase Program peri
JP Morgan downgraded Arco Platform from Overweight to Neutral and set a new price target of $14.00 from $17.00 previously
Goldman downgraded Arco Platform from Buy to Neutral and set a new price target of $12.00 from $19.00 previously
JP Morgan upgraded Arco Platform from Neutral to Overweight and set a new price target of $20.00 from $21.00 previously
Credit Suisse downgraded Arco Platform from Outperform to Neutral and set a new price target of $18.00 from $27.00 previously
JP Morgan initiated coverage of Arco Platform with a rating of Neutral and set a new price target of $22.00
Itau BBA upgraded Arco Platform from Market Perform to Outperform
Itau BBA upgraded Arco Platform from Market Perform to Outperform and set a new price target of $47.00 from $57.00 previously
Morgan Stanley upgraded Arco Platform from Equal-Weight to Overweight and set a new price target of $32.50
Healthy cash generation trend continues in the 2023 cycle Financial & Management Solutions post strong growth with margin gains Arco Platform Limited, or Arco or the Company (NASDAQ:ARCE), today reported financial and operating results for the second quarter ended June 30, 2023. 2Q23 1H23 Consolidated Consolidated Net revenue Cash gross profit Net revenue Cash gross profit R$471.0M R$330.4M R$1,005.9M R$700.6M +14.3% YoY
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report second quarter results for the period ended June 30th, 2023, after the market closes on Thursday, August 31st, 2023. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through September 6th, 2023, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived Webcast of the call will be av
Arco delivers strong cash performance in 1Q23 with R$ 208M free cash flow to firm and debuts new financial & management segment in the p&l following isaac acquisition Arco Platform Limited, or Arco or the Company (NASDAQ:ARCE), today reported financial and operating results for the first quarter ended March 31, 2023. 1Q23 1Q23 CTD23 Consolidated Pedagogical business Pedagogical business Net revenue Cash gross profit Net revenue Net revenue R$534.9M R$370.2M R$472.4M R$1,136.9M +24.4% YoY
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report first quarter results for the period ended March 31st, 2023, after the market closes on Thursday, May 25th, 2023. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through June 1st, 2023, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived Webcast of the call will be available
In 2022 Arco delivered a 44% increase in revenues to R$1,775 million and a 50% increase in adjusted EBITDA to R$648 million; 2023 ACV confirmed at R$1,930 million, a 24% YoY growth Arco Platform Limited, or Arco or the Company (NASDAQ:ARCE), today reported financial and operating results for the fourth quarter ended December 31, 2022. "We are happy and proud of what we have achieved in 2022. After two years of restrictions due to the COVID-19 pandemic, we resumed our growth profile, delivering a 44% YoY revenue growth, and improved our profitability, increasing our adjusted EBITDA margin to 36.5% from 35.0% in 2021. We ended 2022 with a feeling of mission accomplished, as we went further
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report fourth quarter and fiscal year 2022 results for the period ended December 31st, 2022, after the market closes on Thursday, March 30th, 2023. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through April 5th, 2023, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived Webcast of t
Arco concluded the 2022 cycle with organic net revenue growth of 34% over the 2021 cycle at R$1,561 million (100% ACV recognition) and improved profitability Arco Platform Limited, or Arco or Company (NASDAQ:ARCE), today reported financial and operating results for the third quarter ended September 30th, 2022. "We are concluding the 2022 cycle with 100% ACV bookings recognition, leading to a 48% top line growth and an increase in profitability. Initiatives put in place this year were a great first step in a long path towards improving efficiency and integration, reducing redundancy, and making Arco a more agile company to better service our partner schools and generate greater value to ou
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report third quarter 2022 results for the period ended September 30th, 2022, after the market closes on Thursday, December 1st, 2022. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through December 7th, 2022, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived webcast of the call wil
The combination of Arco and isaac creates the world's largest operating system for schools Arco Platform Limited, or Arco or Company (NASDAQ:ARCE), today announced that it has entered into a definitive agreement (the "Purchase Agreement") to acquire 75.1% of the share capital of INCO Limited (d/b/a isaac), the provider of an all-in-one platform that offers a suite of financial and software products to K-12 schools (the "Transaction"). The purchase price for the Transaction will be paid in the form of Arco equity interests. Prior to the Transaction, Arco already held 24.9% of the issued and outstanding equity interests of isaac. The acquisition of isaac significantly expands Arco's footpri
Arco Delivers R$412.1 Million in Revenues in 2Q22, a 61% Increase Versus 2Q21 Arco Platform Limited, or Arco or Company (NASDAQ:ARCE), today reported financial and operating results for the second quarter ended June 30, 2022. "The resumption of in-person classes in the Brazilian private K-12 segment and consequent return of students who dropped-out during the pandemic led to great enthusiasm inside our partner schools. The significant increase in additional orders of our ACV bookings impacted our revenue recognition seasonality, as part of the books typically delivered in Q1 were delivered in April instead and, as a result, 2Q22 had a stronger top line. Looking at the broader picture, we
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Arco Platform Limited (NASDAQ:ARCE) ("Arco" or the "Company"), a leading operating system for K-12 schools, announced today the completion of the merger (the "Merger") with Achieve Merger Sub ("Merger Sub"), a wholly owned subsidiary of Achieve Holdings ("Achieve"), pursuant to the previously announced agreement and plan of merger (the "Merger Agreement"), dated as of August 10, 2023, among the Company, Achieve and Merger Sub. As a result of the Merger, Arco became a wholly-owned subsidiary of Achieve and will cease to be a publicly traded company. By the terms of the Merger Agreement, which the Company's shareholders approved at an extraordinary general meeting held on December 4, 2023,
Arco Platform Limited (NASDAQ:ARCE) ("Arco" or the "Company"), a leading operating system for K-12 schools announced today that at an extraordinary general meeting of shareholders held today, Arco's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement"), dated as of August 10, 2023, among the Company, Achieve Holdings ("Achieve") and Achieve Merger Sub, a wholly owned subsidiary of Achieve ("Merger Sub"). The plan of merger is required to be filed with the Registrar of Companies of the Cayman Islands (the "Plan of Merger") upon completion of the Merger (as defined below). Pursua
Arco Platform Limited (NASDAQ:ARCE) ("Arco" or the "Company"), a leading operating system for K-12 schools, previously announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on December 4, 2023 at 9:00 a.m. (Brasilia time), at Rua Augusta 2840, 16th floor, Consolação, São Paulo — SP, Brazil, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement"), dated as of August 10, 2023, among the Company, Achieve Holdings ("Achieve") and Achieve Merger Sub, a wholly owned subsidiary of Achieve, the plan of merger required to be filed with the Registra
Arco Platform Limited (NASDAQ:ARCE) ("Arco" or "Company"), a leading operating system for K-12 schools, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on December 4, 2023 at 9:00 a.m. (Brasilia time), at Rua Augusta 2840, 16th floor, Consolação, São Paulo — SP, Brazil, to consider and vote on, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the "Merger Agreement"), dated as of August 10, 2023, among the Company, Achieve Holdings ("Achieve") and Achieve Merger Sub, a wholly owned subsidiary of Achieve ("Merger Sub"), the plan of merger required to be filed with the Re
Healthy cash generation trend continues in the 2023 cycle Financial & Management Solutions post strong growth with margin gains Arco Platform Limited, or Arco or the Company (NASDAQ:ARCE), today reported financial and operating results for the second quarter ended June 30, 2023. 2Q23 1H23 Consolidated Consolidated Net revenue Cash gross profit Net revenue Cash gross profit R$471.0M R$330.4M R$1,005.9M R$700.6M +14.3% YoY
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report second quarter results for the period ended June 30th, 2023, after the market closes on Thursday, August 31st, 2023. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through September 6th, 2023, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived Webcast of the call will be av
Transaction Delivers Substantial 55% Premium Over Closing Share Price on November 30, 2022 Definitive Agreement Unanimously Recommended by Special Committee of Independent Directors of Board of Arco Following Independent and Thorough Evaluation Process and Negotiations Founders to Maintain Controlling Ownership Stake and Company Leadership Arco Platform Limited (NASDAQ:ARCE) ("Arco" or "Company"), a leading operating system for K-12 schools, today announced that it has entered into a definitive agreement and plan of merger (the "Agreement") with Achieve Holdings ("Bidders' HoldCo") and Achieve Merger Sub, a wholly owned subsidiary of Bidders' HoldCo ("Merger Sub"), pursuant to which i
Arco delivers strong cash performance in 1Q23 with R$ 208M free cash flow to firm and debuts new financial & management segment in the p&l following isaac acquisition Arco Platform Limited, or Arco or the Company (NASDAQ:ARCE), today reported financial and operating results for the first quarter ended March 31, 2023. 1Q23 1Q23 CTD23 Consolidated Pedagogical business Pedagogical business Net revenue Cash gross profit Net revenue Net revenue R$534.9M R$370.2M R$472.4M R$1,136.9M +24.4% YoY
Arco Platform Limited, or Arco (NASDAQ:ARCE), today announced it will report first quarter results for the period ended March 31st, 2023, after the market closes on Thursday, May 25th, 2023. The Company will host a corresponding conference call and webcast at 5 p.m. Eastern Time on that day. Investors may listen to the conference call by dialing +1 (412) 717-9627, +1 (844) 204-8942 or +55 (11) 4090-1621. For enhanced audio connection investors may connect through Web Phone (access code: 7636515#). An audio replay of the call will be available through June 1st, 2023, by dialing +55 (11) 4118-5151 and entering access code 219191#. A live and archived Webcast of the call will be available
Arco Platform Limited, or "Arco" or "Company" (NASDAQ:ARCE), today announced that the special committee of the board of directors (the "Special Committee") received a revised non-binding proposal from General Atlantic L.P. ("General Atlantic") and Dragoneer Investment Group, LLC ("Dragoneer") to acquire all of the outstanding Class A common shares of the Company that are not held by such parties or Oto Brasil de Sá Cavalcante and Ari de Sá Cavalcante Neto or their respective affiliates at a price of $13.00 per share in cash. Based on recent discussions between the Special Committee and General Atlantic and Dragoneer, the Special Committee has agreed to negotiate definitive agreements with r
- SEC Filing
Upgrades According to OTR Global, the prior rating for Align Technology Inc (NASDAQ:ALGN) was changed from Mixed to Positive. For the second quarter, Align Tech had an EPS of $2.22, compared to year-ago quarter EPS of $2.00. The current stock performance of Align Tech shows a 52-week-high of $413.20 and a 52-week-low of $172.29. Moreover, at the end of the last trading period, the closing price was at $322.41. Colliers Securities upgraded the previous rating for AvalonBay Communities Inc (NYSE:AVB) from Neutral to Buy. In the second quarter, AvalonBay Communities showed an EPS of $2.66, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $211.60 and
Jefferies raised the price target for MetLife, Inc. (NYSE:MET) from $58 to $72. Jefferies analyst Suneet Kamath upgraded the stock from Hold to Buy. MetLife shares fell 0.3% to close at $63.79 on Wednesday. TD Cowen slashed Frontier Group Holdings, Inc. (NASDAQ:ULCC) price target from $12 to $8. TD Cowen analyst Helane Becker downgraded the stock from Outperform to Market Perform. Frontier Group shares gained 0.1% to $5.60 in pre-market trading. Keybanc raised the price target for Cadence Design Systems, Inc. (NASDAQ:CDNS) from $270 to $290. Keybanc analyst Jason Celino maintained an Overweight rating. Cadence Design shares rose 0.6% to $242.50 in pre-market trading. Keybanc cut t
JP Morgan analyst Marcelo Santos downgrades Arco Platform (NASDAQ:ARCE) from Overweight to Neutral and lowers the price target from $17 to $14.
Arco Platform (NASDAQ:ARCE) reported quarterly adj earnings of $0.24 per share which beat the analyst consensus estimate of $(0.09) by 364.44 percent. This is a 397.5 percent increase over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $95.15 million which missed the analyst consensus estimate of $101.22 million by 6.00 percent. This is a 13.27 percent increase over sales of $84.00 million the same period last year.
Arco Platform (NASDAQ:ARCE) is set to give its latest quarterly earnings report on Thursday, 2023-08-31. Here's what investors need to know before the announcement. Analysts estimate that Arco Platform will report an earnings per share (EPS) of $-0.09. Arco Platform bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.03, which was followed by a 3.15% drop in t
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Gainers Genius Gr (AMEX:GNS) stock rose 44.6% to $1.18 during Friday's regular session. As of 13:31 EST, Genius Gr's stock is trading at a volume of 33.6 million, which is 1244.5% of its average full-day volume over the last 100 days. The company's market cap stands at $59.9 million. 2U (NASDAQ:TWOU) stock increased by 24.67% to $3.89. Trading volume for this security as of 13:31 EST is 3.0 million, which is 259.7% of its average full-day volume over the last 100 days. The company's market cap stands at $316.7 million. As per the news, the Q2 earnings report came out 3 days ago. Aterian (NASDAQ:ATER) stock moved upwards by 17.24% to $0.4. Trading volume for this security as of 13:31 EST i
U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday. Here are some big stocks recording gains in today’s session. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) shares surged 24.3% to $7.24 after the company reported better-than-expected second-quarter financial results and raised FY23 revenue guidance above estimates. Innodata Inc. (NASDAQ:INOD) shares climbed 23.9% to $13.22 after the company posted a narrower quarterly loss. IonQ, Inc. (NYSE:IONQ) gained 22% to $17.31 after the company reported second-quarter financial results. Groupon, Inc. (NASDAQ:GRPN) gained 20% to $9.12. Goldman Sachs and Credit Suisse raised their price targets on the stock. Bitdee