Lavoro (NASDAQ:LVRO) Shares Gap Down - Time to Sell?

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $4.40, but opened at $4.17. Lavoro shares last traded at $4.38, with a volume of 667 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Canaccord Genuity Group reduced their price target 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 upgraded shares of Lavoro from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Trading Down 0.8 %

The business's fifty day moving average price is $4.40 and its 200 day moving average price is $4.52. 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 firm has a market capitalization of $508.99 million, a PE ratio of -2.68 and a beta of 0.32.

Lavoro (NASDAQ:LVRO - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. As a group, 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 grew its stake in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,488 shares of the company's stock after acquiring an additional 10,826 shares during the period. 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 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.

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