Lavoro (NASDAQ:LVRO) Trading Down 1.4% - Should You Sell?

Key Points

• Lavoro Limited shares fell by 1.4% to $1.44, with a significant drop in trading volume, indicating a lack of investor interest.
• Several analysts have downgraded Lavoro, with Barclays cutting its price target from $5.00 to $1.50 and Canaccord Genuity lowering its rating to Hold and reducing the target to $2.25.
• Citadel Advisors LLC recently acquired a new stake in Lavoro, purchasing over 10,000 shares valued at approximately $48,000, while institutional ownership stands at 2.47%.

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s share price traded down 1.4% during mid-day trading on Wednesday . The stock traded as low as $1.31 and last traded at $1.44. 6,033 shares changed hands during trading, a decline of 57% from the average session volume of 14,073 shares. The stock had previously closed at $1.46.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Oppenheimer reiterated an "underperform" rating on shares of Lavoro in a report on Thursday, June 5th. Canaccord Genuity Group downgraded Lavoro from a "strong-buy" rating to a "hold" rating and decreased their price target for the stock from $5.50 to $2.25 in a report on Monday, June 23rd. Finally, Barclays reiterated an "underweight" rating and set a $1.50 price target (down previously from $5.00) on shares of Lavoro in a report on Wednesday, May 14th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Lavoro presently has an average rating of "Sell" and a consensus target price of $3.44.

Lavoro Stock Performance

The stock has a market cap of $160.92 million, a P/E ratio of -0.85 and a beta of 0.46. The business has a 50 day simple moving average of $1.92 and a 200-day simple moving average of $2.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new stake in shares of 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 institutional investor purchased 10,069 shares of the company's stock, valued at approximately $48,000. 2.47% of the stock is owned by institutional investors.

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.