Lavoro Limited (NASDAQ:LVRO – Get Free Report) traded down 3.2% during mid-day trading on Friday . The company traded as low as $5.84 and last traded at $5.84. 677 shares changed hands during trading, a decline of 98% from the average session volume of 39,728 shares. The stock had previously closed at $6.03.
Analyst Upgrades and Downgrades
Separately, Oppenheimer assumed coverage on shares of Lavoro in a report on Thursday, April 11th. They set an “outperform” rating and a $11.00 price objective for the company.
Get Our Latest Stock Report on Lavoro
Lavoro Stock Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The company had revenue of $618.96 million during the quarter, compared to the consensus estimate of $626.10 million. As a group, research analysts forecast that Lavoro Limited will post -0.35 EPS for the current year.
Institutional Trading of Lavoro
A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp bought a new stake in shares of Lavoro in the fourth quarter worth $161,000. Citadel Advisors LLC bought a new stake in Lavoro during the second quarter worth $114,000. JPMorgan Chase & Co. bought a new stake in Lavoro during the first quarter worth $35,000. Sandia Investment Management LP bought a new stake in Lavoro during the first quarter worth $11,201,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Lavoro during the first quarter worth $941,000. Institutional investors 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.
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