Lavoro (NASDAQ:LVRO) Trading Down 3.2%

Lavoro Limited (NASDAQ:LVRO) traded down 3.2% during trading on Friday . The stock traded as low as $5.84 and last traded at $5.84. 677 shares were traded during mid-day trading, a decline of 98% from the average session volume of 39,728 shares. The stock had previously closed at $6.03.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on shares of Lavoro in a research report on Thursday, April 11th. They issued an “outperform” rating and a $11.00 target price for the company.

Lavoro Trading Down 3.2 %

The firm’s 50-day simple moving average is $6.62 and its 200 day simple moving average is $6.98. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The stock has a market cap of $681.00 million, a P/E ratio of -6.16 and a beta of 0.12.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The company had revenue of $618.96 million during the quarter, compared to the consensus estimate of $626.10 million. As a group, equities research analysts anticipate that Lavoro Limited will post -0.35 earnings per share for the current year.

Institutional Trading of Lavoro

Several institutional investors and hedge funds have recently added to or reduced their stakes in LVRO. JPMorgan Chase & Co. purchased a new stake in shares of Lavoro in the 1st quarter valued at approximately $35,000. Citadel Advisors LLC purchased a new stake in shares of Lavoro in the 2nd quarter valued at approximately $114,000. Northern Trust Corp purchased a new stake in shares of Lavoro in the 4th quarter valued at approximately $161,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Lavoro in the 1st quarter valued at approximately $941,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Lavoro in the 1st quarter valued at approximately $2,550,000. 2.47% of the stock is owned by institutional investors and hedge funds.

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.