Lavoro (NASDAQ:LVRO) Trading 7.2% Higher

Lavoro Limited (NASDAQ:LVRO)’s share price was up 7.2% on Wednesday . The company traded as high as $7.41 and last traded at $7.41. Approximately 6,787 shares changed hands during trading, a decline of 54% from the average daily volume of 14,729 shares. The stock had previously closed at $6.91.

Wall Street Analysts Forecast Growth

Separately, Barclays began coverage on shares of Lavoro in a research report on Tuesday, December 5th. They issued an “equal weight” rating and a $7.00 target price for the company.

Lavoro Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.05. The stock has a market cap of $825.60 million, a PE ratio of -7.20 and a beta of 0.14. The company’s 50-day moving average price is $7.32 and its 200 day moving average price is $7.04.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. The business had revenue of $618.96 million during the quarter, compared to the consensus estimate of $626.10 million. As a group, analysts forecast that Lavoro Limited will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Boothbay Fund Management LLC purchased a new position in Lavoro during the first quarter valued at approximately $2,550,000. Polar Asset Management Partners Inc. purchased a new stake in Lavoro in the 1st quarter worth $941,000. Sandia Investment Management LP bought a new stake in Lavoro during the first quarter valued at about $11,201,000. JPMorgan Chase & Co. purchased a new position in shares of Lavoro in the first quarter valued at about $35,000. Finally, Citadel Advisors LLC bought a new position in shares of Lavoro in the second quarter worth about $114,000. 2.47% of the stock is currently owned by institutional investors.

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.