Lavoro (NASDAQ:LVRO) Trading 4.5% Higher - Still a Buy?

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s stock price rose 4.5% during trading on Tuesday . The stock traded as high as $2.88 and last traded at $2.99. Approximately 1,418 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 13,855 shares. The stock had previously closed at $2.86.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LVRO. 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 report on Tuesday, February 4th. Barclays upgraded shares of Lavoro from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Stock Up 0.3 %

The firm has a market capitalization of $347.50 million, a price-to-earnings ratio of -1.83 and a beta of 0.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The business's 50 day moving average is $4.00 and its 200-day moving average is $4.30.

Lavoro (NASDAQ:LVRO - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. Equities analysts anticipate that Lavoro Limited will post -1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp grew its holdings in Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,488 shares of the company's stock after purchasing 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 quarter. 2.47% of the stock is owned by hedge funds and other 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.