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

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $4.95, but opened at $4.61. Lavoro shares last traded at $4.78, with a volume of 139 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LVRO shares. Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st. Oppenheimer cut their price objective on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Canaccord Genuity Group decreased their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, February 4th.

Lavoro Stock Performance

The company’s fifty day simple moving average is $4.49 and its two-hundred day simple moving average is $4.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98.

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 38.92% and a negative net margin of 8.16%. On average, equities research analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current year.

Hedge Funds Weigh In On Lavoro

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp lifted its position in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,488 shares of the company’s stock after purchasing an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 at the end of the most recent quarter. Institutional investors own 2.47% of the company’s stock.

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.