DLocal (NASDAQ:DLO) Shares Down 4%

DLocal Limited (NASDAQ:DLO)’s stock price was down 4% during trading on Friday . The stock traded as low as $20.56 and last traded at $20.64. Approximately 324,776 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,869,663 shares. The stock had previously closed at $21.50.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of DLocal from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Citigroup raised their price objective on shares of DLocal from $16.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, August 18th. TheStreet raised shares of DLocal from a “d” rating to a “c-” rating in a report on Friday, August 18th. Susquehanna reiterated a “positive” rating and set a $24.00 price objective on shares of DLocal in a research report on Thursday, August 31st. Finally, Bank of America cut shares of DLocal from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, DLocal has a consensus rating of “Hold” and an average target price of $19.91.

DLocal Price Performance

The stock’s 50 day moving average price is $16.16 and its 200-day moving average price is $14.61. The stock has a market capitalization of $6.20 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, August 16th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $161.14 million during the quarter, compared to analyst estimates of $149.36 million. DLocal had a net margin of 24.98% and a return on equity of 35.63%. The firm’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, equities analysts forecast that DLocal Limited will post 0.58 EPS for the current year.

Institutional Trading of DLocal

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in DLocal in the 1st quarter worth approximately $228,000. HighTower Advisors LLC acquired a new stake in DLocal during the 1st quarter worth $213,000. Citigroup Inc. raised its holdings in shares of DLocal by 1,025.6% during the 1st quarter. Citigroup Inc. now owns 28,229 shares of the company’s stock worth $883,000 after acquiring an additional 25,721 shares during the period. Natixis Advisors L.P. purchased a new position in shares of DLocal during the 1st quarter worth $559,000. Finally, Allianz Asset Management GmbH raised its holdings in DLocal by 0.7% in the 1st quarter. Allianz Asset Management GmbH now owns 96,283 shares of the company’s stock valued at $3,010,000 after buying an additional 711 shares during the period. 41.67% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

DLocal Limited operates a payment processing platform worldwide. 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.