Lavoro (NASDAQ:LVRO) Shares Gap Down – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.77, but opened at $4.44. Lavoro shares last traded at $4.40, with a volume of 112 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st. Canaccord Genuity Group reduced their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a report on Tuesday, February 4th.

Lavoro Price Performance

The stock has a 50 day simple moving average of $4.47 and a two-hundred day simple moving average of $4.56. The firm has a market cap of $571.39 million, a PE ratio of -3.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. Sell-side analysts expect that Lavoro Limited will post -1.84 earnings per share for the current year.

Institutional Trading of Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp grew its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,488 shares of the company’s stock after acquiring an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.47% of the company’s stock.

About Lavoro

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.