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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LVRO shares. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st. Canaccord Genuity Group cut their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, February 4th.

Lavoro Stock Down 5.5 %

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 company has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.56. The firm has a market cap of $525.91 million, a P/E ratio of -2.77 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share (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%. On average, equities analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp grew its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,488 shares of the company’s stock after buying an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.