Lavoro (NASDAQ:LVRO) Trading Up 7.2%

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

Analyst Ratings Changes

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

Lavoro Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.71 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average price is $7.24 and its 200 day moving average price is $7.04.

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

Hedge Funds Weigh In On Lavoro

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in Lavoro during the 1st quarter valued at $35,000. Citadel Advisors LLC bought a new position in Lavoro during the 2nd quarter valued at $114,000. Northern Trust Corp bought a new position in Lavoro during the 4th quarter valued at $161,000. Polar Asset Management Partners Inc. bought a new position in Lavoro during the 1st quarter valued at $941,000. Finally, Boothbay Fund Management LLC bought a new position in Lavoro during the 1st quarter valued at $2,550,000. 2.47% of the stock is currently owned by 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.