Lavoro Limited (NASDAQ:LVRO – Get Free Report) shares fell 5.2% on Tuesday . The stock traded as low as $6.90 and last traded at $6.92. 5,815 shares changed hands during trading, a decline of 53% from the average session volume of 12,437 shares. The stock had previously closed at $7.30.
Analysts Set New Price Targets
Separately, Barclays assumed 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.
Check Out Our Latest Research Report on LVRO
Lavoro Stock Down 5.3 %
Lavoro (NASDAQ:LVRO – Get Free Report) 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 firm had revenue of $618.96 million for the quarter, compared to analysts’ expectations of $626.10 million. Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. Sell-side analysts anticipate that Lavoro Limited will post -0.32 EPS for the current fiscal year.
Institutional Investors Weigh In On Lavoro
A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Lavoro in the first quarter worth approximately $35,000. Northern Trust Corp bought a new stake in shares of Lavoro during the fourth quarter valued at approximately $161,000. Citadel Advisors LLC purchased a new stake in shares of Lavoro in the second quarter valued at approximately $114,000. Polar Asset Management Partners Inc. bought a new position in Lavoro in the first quarter worth approximately $941,000. Finally, Boothbay Fund Management LLC purchased a new position in Lavoro during the 1st quarter worth $2,550,000. 2.47% of the stock is 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.
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