Lavoro (NASDAQ:LVRO) Stock Price Down 5.4% - Here's Why

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s share price traded down 5.4% on Wednesday . The stock traded as low as $4.08 and last traded at $4.34. 6,069 shares traded hands during trading, a decline of 12% from the average session volume of 6,935 shares. The stock had previously closed at $4.59.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Oppenheimer cut their target price on Lavoro from $9.00 to $7.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st. Finally, Canaccord Genuity Group cut their target price on Lavoro from $6.25 to $5.50 and set a "buy" rating on the stock in a research note on Tuesday, February 4th.

Lavoro Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The stock has a 50 day moving average price of $4.49 and a 200 day moving average price of $4.57. The company has a market cap of $569.06 million, a P/E ratio of -2.99 and a beta of 0.32.

Lavoro (NASDAQ:LVRO - Get Free Report) last posted its quarterly earnings data 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%. Research analysts expect that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp lifted its position in Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period. 2.47% of the stock is currently owned by 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.