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

Lavoro Limited (NASDAQ:LVRO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.79, but opened at $4.55. Lavoro shares last traded at $4.20, with a volume of 2,325 shares traded.

Wall Street Analysts Forecast Growth

LVRO has been the topic of a number of research reports. Canaccord Genuity Group cut their price objective 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 reduced their target price for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Price Performance

The stock has a market capitalization of $538.15 million, a price-to-earnings ratio of -2.79 and a beta of 0.32. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average price of $4.44 and a 200 day moving average price of $4.53.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. As a group, equities research 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 raised its position in Lavoro stock. Northern Trust Corp lifted its stake in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,488 shares of the company’s stock after acquiring an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.47% of the company’s stock.

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.