Goldman downgraded Arco Platform from Buy to Neutral and set a new price target of $12.00 from $19.00 previously
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| 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 |
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
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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
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
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- 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
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