Lavoro (NASDAQ:LVRO) Shares Gap Up to $5.84

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $5.84, but opened at $6.26. Lavoro shares last traded at $6.06, with a volume of 48,916 shares.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on Lavoro in a report on Thursday, April 11th. They set an "outperform" rating and a $11.00 target price for the company.

Lavoro Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71. The stock has a market cap of $681.57 million, a price-to-earnings ratio of -6.10 and a beta of 0.12. The stock has a fifty day moving average of $6.71 and a 200 day moving average of $6.99.

Lavoro (NASDAQ:LVRO - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.10). Lavoro had a negative return on equity of 6.44% and a negative net margin of 5.99%. The firm had revenue of $618.96 million for the quarter, compared to analyst estimates of $626.10 million. On average, analysts expect that Lavoro Limited will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LVRO. Boothbay Fund Management LLC acquired a new position in Lavoro in the first quarter valued at approximately $2,550,000. Polar Asset Management Partners Inc. acquired a new position in Lavoro in the first quarter valued at approximately $941,000. Sandia Investment Management LP acquired a new position in Lavoro in the first quarter valued at approximately $11,201,000. JPMorgan Chase & Co. acquired a new position in Lavoro in the first quarter valued at approximately $35,000. Finally, Citadel Advisors LLC acquired a new position in Lavoro in the second quarter valued at approximately $114,000. 2.47% of the stock is 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.