2,608 Shares in DLocal Limited (NASDAQ:DLO) Purchased by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. bought a new position in shares of DLocal Limited (NASDAQ:DLO – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,608 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in DLocal during the third quarter worth about $46,000. Advisors Asset Management Inc. acquired a new stake in DLocal in the first quarter valued at approximately $78,000. Tower Research Capital LLC TRC grew its holdings in DLocal by 53.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,179 shares of the company’s stock valued at $65,000 after purchasing an additional 1,104 shares during the period. Quantbot Technologies LP acquired a new stake in DLocal in the third quarter valued at approximately $94,000. Finally, Maple Brown Abbott Ltd acquired a new stake in DLocal in the third quarter valued at approximately $113,000. 47.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group dropped their price objective on DLocal from $43.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, December 1st. HSBC dropped their price objective on DLocal from $32.00 to $19.00 in a report on Wednesday, December 21st. Bank of America initiated coverage on DLocal in a report on Thursday, December 22nd. They issued a “buy” rating and a $18.00 price objective on the stock. New Street Research downgraded DLocal from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research report on Wednesday, December 21st. Finally, Citigroup decreased their target price on DLocal from $28.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, DLocal currently has a consensus rating of “Hold” and an average price target of $20.89.

DLocal Stock Performance

Shares of DLocal stock opened at $15.27 on Wednesday. DLocal Limited has a one year low of $9.03 and a one year high of $35.96. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 0.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.72 and a current ratio of 1.72. The business’s 50 day moving average price is $15.88 and its 200 day moving average price is $18.06.

About DLocal

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DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.