Lavoro (NASDAQ:LVRO) Shares Down 7% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LVRO shares. Oppenheimer reduced their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Canaccord Genuity Group decreased their price target on Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Finally, Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Stock Performance

The firm’s 50-day simple moving average is $4.49 and its two-hundred day simple moving average is $4.56. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $573.14 million, a PE ratio of -3.02 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, equities research analysts expect that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp raised its stake in Lavoro Limited (NASDAQ:LVRO) by 73.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,488 shares of the company’s stock after buying 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 reporting period. 2.47% of the stock is currently owned by hedge funds and other 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.