Shares of Lavoro Limited (NASDAQ:LVRO – Get Free Report) shot up 7.6% during trading on Tuesday . The company traded as high as $4.20 and last traded at $4.33. 11,454 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 17,322 shares. The stock had previously closed at $4.02.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st. Canaccord Genuity Group dropped their price target on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, February 4th.
View Our Latest Report on Lavoro
Lavoro Stock Up 2.9 %
Lavoro (NASDAQ:LVRO – Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. On average, equities research analysts predict that Lavoro Limited will post -1.84 EPS for the current year.
Institutional Investors Weigh In On Lavoro
A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC acquired a new stake in Lavoro Limited (NASDAQ:LVRO – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds own 2.47% of the company’s stock.
Lavoro Company Profile
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.
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