DLocal (NASDAQ:DLO) Shares Down 4.3%

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

Analysts Set New Price Targets

Several research analysts have commented on DLO shares. The Goldman Sachs Group lowered 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 report on Wednesday, June 26th. Bank of America lifted their price target 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 reduced their price objective on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $9.00 in a report on Thursday, June 20th. Finally, Susquehanna decreased their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have given 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 target price of $12.50.

DLocal Price Performance

The firm has a market cap of $2.46 billion, a P/E ratio of 18.66, a P/E/G ratio of 3.99 and a beta of 0.77. The firm’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $10.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data 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. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same period last year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts forecast that DLocal Limited will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

A number of large investors have recently made changes to their positions in the company. Quarry LP increased its stake in DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in DLocal by 24.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock valued at $78,000 after buying an additional 870 shares in the last quarter. Ridgewood Investments LLC boosted its position in DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after buying an additional 3,293 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of DLocal during the second quarter worth approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of DLocal by 24.7% during 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 in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.