Lavoro (NASDAQ:LVRO) Trading Down 7% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO)’s share price traded down 7% during mid-day trading on Tuesday . The company traded as low as $4.61 and last traded at $4.61. 1,803 shares traded hands during trading, a decline of 74% from the average session volume of 6,935 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

A number of brokerages have commented on LVRO. Canaccord Genuity Group dropped their price objective 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. Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66. The business has a 50-day moving average of $4.47 and a 200-day moving average of $4.56. The company has a market capitalization of $525.91 million, a P/E ratio of -2.77 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last released 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, sell-side analysts anticipate that Lavoro Limited will post -1.84 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC acquired a new stake in shares of Lavoro Limited (NASDAQ:LVRO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is currently owned by 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.