Lavoro (NASDAQ:LVRO) Shares Gap Down - Here's Why

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $4.95, but opened at $4.61. Lavoro shares last traded at $4.78, with a volume of 139 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LVRO shares. Canaccord Genuity Group cut their price objective 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. Barclays upgraded shares of Lavoro from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st. Finally, Oppenheimer reduced their price target on shares of Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a research report on Monday, October 21st.

Lavoro Stock Up 0.7 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The company has a fifty day moving average price of $4.49 and a 200 day moving average price of $4.56. The company has a market cap of $573.14 million, a PE ratio of -3.02 and a beta of 0.32.

Lavoro (NASDAQ:LVRO - Get Free Report) last issued 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 return on equity of 38.92% and a negative net margin of 8.16%. As a group, analysts anticipate that Lavoro Limited will post -1.84 EPS for the current year.

Institutional Investors Weigh In On Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp lifted its position in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing. Institutional investors own 2.47% of the company's stock.

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.