Lavoro (NASDAQ:LVRO) Shares Up 7.6% - Here's What Happened

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares traded up 7.6% during trading on Monday . The company traded as high as $2.27 and last traded at $2.27. 2,587 shares were traded during mid-day trading, a decline of 68% from the average session volume of 8,086 shares. The stock had previously closed at $2.11.

Analysts Set New Price Targets

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

Lavoro Stock Performance

The firm has a fifty day simple moving average of $2.34 and a 200 day simple moving average of $3.23. The company has a market capitalization of $261.21 million, a PE ratio of -1.37 and a beta of 0.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC purchased a new stake in Lavoro Limited (NASDAQ:LVRO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,069 shares of the company's stock, valued at approximately $48,000. Institutional investors and hedge funds 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.