DLocal Limited (NASDAQ:DLO) Shares Acquired by Wasatch Advisors LP

Wasatch Advisors LP grew its stake in DLocal Limited (NASDAQ:DLO) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,938,147 shares of the company’s stock after buying an additional 345,746 shares during the quarter. Wasatch Advisors LP owned 1.33% of DLocal worth $57,891,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DLO. Alkeon Capital Management LLC increased its stake in shares of DLocal by 77.8% in the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock valued at $102,948,000 after purchasing an additional 2,350,000 shares in the last quarter. Penserra Capital Management LLC increased its stake in DLocal by 371.4% during the 3rd quarter. Penserra Capital Management LLC now owns 199,106 shares of the company’s stock worth $3,816,000 after buying an additional 156,865 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in DLocal during the 3rd quarter worth approximately $284,000. Citigroup Inc. increased its stake in DLocal by 24.5% during the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after buying an additional 1,378 shares in the last quarter. Finally, Renaissance Capital LLC increased its stake in DLocal by 11.3% during the 4th quarter. Renaissance Capital LLC now owns 58,296 shares of the company’s stock worth $1,031,000 after buying an additional 5,921 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DLO. The Goldman Sachs Group lowered DLocal from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $8.00 in a research note on Wednesday, June 26th. Susquehanna reiterated a “positive” rating and set a $21.00 price objective on shares of DLocal in a research note on Wednesday, May 15th. Bank of America dropped their price target on DLocal from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Citigroup dropped their price target on DLocal from $17.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Finally, JPMorgan Chase & Co. dropped their price target on DLocal from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, May 29th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, DLocal currently has an average rating of “Hold” and a consensus target price of $14.72.

DLocal Trading Down 1.5 %

DLO opened at $8.08 on Wednesday. DLocal Limited has a one year low of $7.26 and a one year high of $24.22. The stock has a market capitalization of $2.39 billion, a PE ratio of 18.36, a P/E/G ratio of 0.88 and a beta of 0.75. The business’s 50 day moving average price is $10.14 and its 200 day moving average price is $14.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). DLocal had a return on equity of 35.20% and a net margin of 18.83%. The firm had revenue of $184.43 million for the quarter, compared to analyst estimates of $195.24 million. As a group, equities research analysts expect that DLocal Limited will post 0.44 EPS for the current year.

DLocal 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.