Lavoro (NASDAQ:LVRO) Trading Up 7.2%

Lavoro Limited (NASDAQ:LVRO) traded up 7.2% on Wednesday . The stock traded as high as $7.41 and last traded at $7.41. 6,787 shares changed hands during trading, a decline of 54% from the average session volume of 14,729 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

Separately, Barclays initiated coverage on Lavoro in a report on Tuesday, December 5th. They set an “equal weight” rating and a $7.00 price target for the company.

Lavoro Trading Up 0.4 %

The firm has a fifty day simple moving average of $7.24 and a 200 day simple moving average of $7.04. The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.10). The business had revenue of $618.96 million for the quarter, compared to analysts’ expectations of $626.10 million. Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. On average, equities research analysts forecast that Lavoro Limited will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Lavoro

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of Lavoro in the first quarter valued at approximately $35,000. Citadel Advisors LLC acquired a new stake in shares of Lavoro during the second quarter worth about $114,000. Northern Trust Corp acquired a new position in Lavoro in the 4th quarter valued at about $161,000. Polar Asset Management Partners Inc. purchased a new stake in Lavoro in the 1st quarter valued at approximately $941,000. Finally, Boothbay Fund Management LLC purchased a new stake in Lavoro in the 1st quarter valued at approximately $2,550,000. 2.47% of the stock is currently 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.