Lavoro (NASDAQ:LVRO) Shares Gap Down – What’s Next?

Lavoro Limited (NASDAQ:LVRO)’s share price 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

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

Lavoro Stock Down 7.9 %

The firm has a market capitalization of $512.50 million, a P/E ratio of -2.70 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. The stock has a 50 day moving average of $4.48 and a 200-day moving average of $4.56.

Lavoro (NASDAQ:LVRO) last posted its quarterly 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 net margin of 10.39% and a negative return on equity of 57.56%. Research analysts predict that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp increased its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,488 shares of the company’s stock after purchasing an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.