Barclays Reiterates "Underweight" Rating for Lavoro (NASDAQ:LVRO)

Barclays reissued their underweight rating on shares of Lavoro (NASDAQ:LVRO - Free Report) in a research report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $1.50 price target on the stock, down from their previous price target of $5.00.

Several other brokerages have also recently issued reports on LVRO. Oppenheimer dropped their target price on Lavoro from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. UBS Group set a $5.00 target price on Lavoro in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group lowered their price objective on Lavoro from $6.25 to $5.50 and set a "buy" rating on the stock in a research report on Tuesday, February 4th.

Lavoro Stock Performance

NASDAQ:LVRO traded up $0.14 on Wednesday, hitting $2.54. The stock had a trading volume of 2,667 shares, compared to its average volume of 7,935. The stock has a market cap of $295.61 million, a price-to-earnings ratio of -1.56 and a beta of 0.56. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $3.03 and its two-hundred day simple moving average is $4.07. Lavoro has a 52-week low of $2.31 and a 52-week high of $7.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC acquired a new position in Lavoro Limited (NASDAQ:LVRO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,069 shares of the company's stock, valued at approximately $48,000. 2.47% of the stock is owned by institutional investors and hedge funds.

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.