Lavoro (NASDAQ:LVRO) Stock Price Up 19.3% - Still a Buy?

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares were up 19.3% during mid-day trading on Monday . The company traded as high as $4.34 and last traded at $5.14. Approximately 4,518 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 7,083 shares. The stock had previously closed at $4.31.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LVRO shares. Barclays upgraded Lavoro from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st. Oppenheimer decreased their price objective on Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a report on Monday, October 21st. Finally, Canaccord Genuity Group reduced their price target on Lavoro from $6.25 to $5.50 and set a "buy" rating for the company in a report on Tuesday, February 4th.

Lavoro Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $4.49 and a two-hundred day moving average price of $4.58. The stock has a market capitalization of $569.06 million, a P/E ratio of -2.99 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) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, analysts expect that Lavoro Limited will post -1.84 EPS for the current year.

Institutional Investors Weigh In On Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp lifted its holdings in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% during the 4th quarter, according to 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.47% of the company's stock.

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.