Lavoro (NASDAQ:LVRO) Shares Gap Up - Time to Buy?

Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $4.90, but opened at $5.14. Lavoro shares last traded at $4.76, with a volume of 646 shares.

Analysts Set New Price Targets

LVRO has been the topic of several recent research reports. Canaccord Genuity Group reduced their price target on Lavoro from $6.25 to $5.50 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Stock Performance

The stock has a market capitalization of $576.04 million, a PE ratio of -3.03 and a beta of 0.32. The business has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66.

Lavoro (NASDAQ:LVRO - Get Free Report) last released its 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 57.56% and a negative net margin of 10.39%. As a group, equities research analysts expect that Lavoro Limited will post -1.84 earnings per share for the current year.

Institutional Investors Weigh In On Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new stake in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,069 shares of the company's stock, valued at approximately $48,000. 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.