Lavoro (NASDAQ:LVRO) Shares Gap Up – Here’s Why

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $4.90, but opened at $5.14. Lavoro shares last traded at $4.76, with a volume of 646 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on LVRO shares. Canaccord Genuity Group decreased their price target on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. 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.

Lavoro Price Performance

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 company has a market capitalization of $557.40 million, a price-to-earnings ratio of -2.93 and a beta of 0.32. The company has a 50-day moving average price of $4.47 and a 200-day moving average price of $4.55.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. On average, equities research analysts expect that Lavoro Limited will post -1.84 EPS for the current fiscal year.

Institutional Trading of Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp lifted its holdings in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,488 shares of the company’s stock after purchasing an additional 10,826 shares during the quarter. Northern Trust Corp’s holdings in Lavoro were worth $122,000 at the end of the most recent quarter. 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.