19,442 Shares in DLocal Limited (NASDAQ:DLO) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in DLocal Limited (NASDAQ:DLO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,442 shares of the company’s stock, valued at approximately $157,000.

A number of other large investors have also recently bought and sold shares of DLO. Garden State Investment Advisory Services LLC bought a new stake in DLocal in the second quarter valued at about $226,000. Fourth Sail Capital LP increased its stake in DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after acquiring an additional 906,561 shares during the period. Krane Funds Advisors LLC bought a new stake in DLocal in the second quarter valued at about $122,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in DLocal by 24.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after acquiring an additional 3,101 shares during the period. Finally, Ridgewood Investments LLC increased its stake in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after acquiring an additional 3,293 shares during the period. 90.13% of the stock is currently owned by institutional investors.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $9.29 on Monday. The firm has a 50 day moving average of $8.37 and a 200-day moving average of $9.87. The stock has a market capitalization of $2.75 billion, a PE ratio of 21.11, a PEG ratio of 4.26 and a beta of 0.76. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $19.45.

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

Wall Street Analyst Weigh In

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

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.