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

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 trading hands.

Analysts Set New Price Targets

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

Lavoro Stock Performance

The stock has a market capitalization of $512.50 million, a price-to-earnings ratio of -2.70 and a beta of 0.32. The company’s 50-day simple moving average is $4.48 and its 200-day simple moving average is $4.56. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13.

Lavoro (NASDAQ:LVRO) last announced its 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 return on equity of 57.56% and a negative net margin of 10.39%. On average, analysts expect that Lavoro Limited will post -1.84 EPS for the current year.

Institutional Trading of Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC acquired a new stake in Lavoro Limited (NASDAQ:LVRO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is owned by hedge funds and other institutional investors.

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.