DLocal (NASDAQ:DLO) Shares Down 4.8%

DLocal Limited (NASDAQ:DLO) shares were down 4.8% on Tuesday . The company traded as low as $8.01 and last traded at $8.01. Approximately 654,513 shares traded hands during trading, a decline of 61% from the average daily volume of 1,673,065 shares. The stock had previously closed at $8.41.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DLO shares. Bank of America cut their price objective on DLocal from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Citigroup dropped their price objective on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Barclays reduced their target price on shares of DLocal from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, May 20th. HSBC lowered their price target on shares of DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, The Goldman Sachs Group lowered DLocal from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.72.

DLocal Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The business’s 50 day moving average is $9.27 and its 200-day moving average is $13.93. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 0.92 and a beta of 0.75.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $184.43 million during the quarter, compared to analyst estimates of $195.24 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. On average, sell-side analysts predict that DLocal Limited will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLO. Wasatch Advisors LP grew its holdings in shares of DLocal by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock worth $57,891,000 after purchasing an additional 345,746 shares during the period. Baillie Gifford & Co. boosted its stake in DLocal by 55.5% during the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock worth $22,728,000 after buying an additional 552,104 shares during the period. Fourth Sail Capital LP increased its position in shares of DLocal by 78.4% during the first quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock valued at $21,921,000 after acquiring an additional 655,548 shares during the last quarter. Zevenbergen Capital Investments LLC lifted its holdings in shares of DLocal by 5.8% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 1,316,481 shares of the company’s stock worth $19,352,000 after acquiring an additional 72,034 shares during the last quarter. Finally, Pertento Partners LLP boosted its position in shares of DLocal by 14.2% during the 4th quarter. Pertento Partners LLP now owns 1,146,862 shares of the company’s stock worth $20,288,000 after purchasing an additional 142,864 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.