Lavoro (NASDAQ:LVRO) Trading Down 1.4% - What's Next?

Key Points

• Lavoro Limited (NASDAQ:LVRO) shares fell by 1.4% on Tuesday, trading between $1.96 and $2.10, with a significant drop in trading volume, down 46% from average daily trading levels.
• Analysts have downgraded the stock ratings of Lavoro, with Canaccord Genuity lowering its price target to $2.25 from $5.50, indicating market concerns about the company's performance.
• Institutional interest includes a recent stake acquisition by Citadel Advisors LLC, which purchased 10,069 shares valued at approximately $48,000, bringing institutional ownership to 2.47% of the company.

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $1.96 and last traded at $2.10. 3,350 shares changed hands during trading, a decline of 46% from the average session volume of 6,242 shares. The stock had previously closed at $2.13.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group set a $5.00 price objective on shares of Lavoro in a report on Tuesday, April 22nd. Canaccord Genuity Group downgraded shares of Lavoro from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $5.50 to $2.25 in a report on Monday, June 23rd. Oppenheimer reiterated an "underperform" rating on shares of Lavoro in a report on Thursday, June 5th. Finally, Barclays reiterated an "underweight" rating and issued a $1.50 price target (down previously from $5.00) on shares of Lavoro in a report on Wednesday, May 14th.

Lavoro Stock Down 1.2%

The company has a market cap of $236.13 million, a price-to-earnings ratio of -1.24 and a beta of 0.48. The firm has a 50-day simple moving average of $2.18 and a 200 day simple moving average of $3.01.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Lavoro stock. Northern Trust Corp boosted its holdings in Lavoro Limited (NASDAQ:LVRO - Free Report) by 73.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,488 shares of the company's stock after purchasing an additional 10,826 shares during the period. Northern Trust Corp's holdings in Lavoro were worth $122,000 at the end of the most recent reporting period. 2.47% of the stock is currently 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.