Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s stock price was up 7.6% on Tuesday . The stock traded as high as $4.20 and last traded at $4.33. Approximately 11,454 shares changed hands during trading, a decline of 34% from the average daily volume of 17,322 shares. The stock had previously closed at $4.02.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $6.00 to $5.00 in a research report on Tuesday, January 21st. Canaccord Genuity Group reduced their price target on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a report on Tuesday, February 4th.
Read Our Latest Research Report on LVRO
Lavoro Trading Up 2.9 %
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 the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. On average, analysts expect that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new position in shares of Lavoro Limited (NASDAQ:LVRO – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds 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.
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