Lavoro (NASDAQ:LVRO) Trading Up 7.6% – Here’s Why

Shares of Lavoro Limited (NASDAQ:LVRO) were up 7.6% during trading on Tuesday . The stock traded as high as $4.20 and last traded at $4.33. Approximately 11,454 shares were traded during trading, a decline of 34% from the average daily volume of 17,322 shares. The stock had previously closed at $4.02.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $6.00 to $5.00 in a research report on Tuesday, January 21st.

Lavoro Stock Performance

The company has a market cap of $444.75 million, a P/E ratio of -2.34 and a beta of 0.32. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $4.30 and its 200 day moving average price is $4.48.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) 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%. As a group, research analysts expect that Lavoro Limited will post -1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp increased its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,488 shares of the company’s stock after acquiring 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.

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.