DLocal (NASDAQ:DLO) Stock Price Down 4.3%

DLocal Limited (NASDAQ:DLO) shares fell 4.3% during mid-day trading on Friday . The company traded as low as $8.25 and last traded at $8.25. 126,919 shares traded hands during trading, a decline of 92% from the average session volume of 1,621,928 shares. The stock had previously closed at $8.62.

Analyst Upgrades and Downgrades

DLO has been the topic of several research reports. Bank of America raised their price target on DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Susquehanna lowered their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. Barclays cut their price objective on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. The Goldman Sachs Group lowered DLocal from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 26th. Finally, UBS Group raised DLocal from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $13.00 to $9.00 in a research report on Thursday, June 20th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.50.

DLocal Stock Performance

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $8.12 and a 200-day moving average of $10.86. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 3.99 and a beta of 0.77.

DLocal (NASDAQ:DLO) last issued its earnings results on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. DLocal’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that DLocal Limited will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently bought and sold shares of the stock. Sylebra Capital LLC purchased a new stake in shares of DLocal in the second quarter valued at approximately $13,565,000. Wasatch Advisors LP raised its position in DLocal by 35.3% during the fourth quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company’s stock worth $63,550,000 after acquiring an additional 936,558 shares during the period. Fourth Sail Capital LP lifted its holdings in DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after purchasing an additional 906,561 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of DLocal in the first quarter valued at about $9,949,000. Finally, Baillie Gifford & Co. increased its stake in shares of 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 purchasing an additional 552,104 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About DLocal

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.