Lavoro (NASDAQ:LVRO) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Lavoro (NASDAQ:LVRO) has been given a "sell (e+)" rating by Weiss Ratings and recently downgraded from "strong-buy" to "hold" by Canaccord Genuity, with a lowered price objective of $2.25.
• The current stock price of Lavoro is $1.62, with a market cap of $188.91 million and an average consensus target price of $3.44.
• Institutional investors own 2.47% of Lavoro's stock, with Citadel Advisors LLC recently acquiring a stake valued at approximately $48,000.

Lavoro (NASDAQ:LVRO - Get Free Report)'s stock had its "sell (e+)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Canaccord Genuity Group downgraded Lavoro from a "strong-buy" rating to a "hold" rating and lowered their price objective for the stock from $5.50 to $2.25 in a research report on Monday, June 23rd. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Sell" and a consensus target price of $3.44.

Lavoro Price Performance

Shares of NASDAQ LVRO opened at $1.62 on Wednesday. Lavoro has a 1 year low of $1.25 and a 1 year high of $5.60. The firm has a market cap of $188.91 million, a PE ratio of -0.99 and a beta of 0.49. The company has a 50 day simple moving average of $1.75 and a 200 day simple moving average of $2.28.

Institutional Investors Weigh In On Lavoro

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC bought a new position in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,069 shares of the company's stock, valued at approximately $48,000. 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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