Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.40, but opened at $4.17. Lavoro shares last traded at $4.38, with a volume of 667 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st.
View Our Latest Research Report on LVRO
Lavoro Stock Performance
Lavoro (NASDAQ:LVRO – Get Free Report) 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%. Equities analysts expect that Lavoro Limited will post -1.84 earnings per share for the current year.
Institutional Investors Weigh In On Lavoro
An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new stake in shares of Lavoro Limited (NASDAQ:LVRO – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is currently owned by hedge funds and other institutional investors.
Lavoro Company Profile
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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