Lavoro (NASDAQ:LVRO) Sees Large Volume Increase

Lavoro Limited (NASDAQ:LVRO) shares saw unusually-high trading volume on Tuesday . Approximately 320,778 shares were traded during mid-day trading, an increase of 810% from the previous session’s volume of 35,243 shares.The stock last traded at $6.20 and had previously closed at $6.03.

Analysts Set New Price Targets

Separately, Oppenheimer assumed coverage on shares of Lavoro in a report on Thursday, April 11th. They issued an “outperform” rating and a $11.00 target price on the stock.

Lavoro Price Performance

The stock has a 50-day moving average of $6.62 and a two-hundred day moving average of $6.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.05 and a quick ratio of 0.71.

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

Institutional Trading of Lavoro

A number of hedge funds have recently made changes to their positions in the stock. Northern Trust Corp acquired a new position in Lavoro in the 4th quarter valued at approximately $161,000. Citadel Advisors LLC acquired a new position in shares of Lavoro in the second quarter worth $114,000. JPMorgan Chase & Co. purchased a new stake in shares of Lavoro during the first quarter worth $35,000. Sandia Investment Management LP acquired a new stake in Lavoro during the first quarter valued at $11,201,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Lavoro during the first quarter valued at $941,000. 2.47% of the stock is owned by hedge funds and other institutional investors.

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.