Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s share price traded up 7.6% during mid-day trading on Monday . The stock traded as high as $2.27 and last traded at $2.27. 2,587 shares traded hands during trading, a decline of 68% from the average session volume of 8,086 shares. The stock had previously closed at $2.11.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on LVRO. Barclays restated an "underweight" rating and issued a $1.50 target price (down from $5.00) on shares of Lavoro in a research note on Wednesday, May 14th. Canaccord Genuity Group cut Lavoro from a "strong-buy" rating to a "hold" rating and cut their price objective for the company 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, UBS Group set a $5.00 price objective on Lavoro in a report on Tuesday, April 22nd.
Read Our Latest Report on LVRO
Lavoro Stock Performance
The firm has a market capitalization of $240.22 million, a P/E ratio of -1.26 and a beta of 0.49. The firm has a 50-day moving average of $2.32 and a two-hundred day moving average of $3.19.
Institutional Investors Weigh In On Lavoro
A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC purchased a new position in Lavoro Limited (NASDAQ:LVRO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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
(
Get Free Report)
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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