Lavoro (NASDAQ:LVRO) Shares Gap Down – Should You Sell?

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.49. Lavoro shares last traded at $4.80, with a volume of 1,452 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LVRO shares. Canaccord Genuity Group lowered their price target on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Stock Down 1.0 %

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

Lavoro (NASDAQ:LVRO) last posted its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share 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, sell-side analysts forecast that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC bought a new position in Lavoro Limited (NASDAQ:LVRO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,069 shares of the company’s stock, valued at approximately $48,000. 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.