DLocal (NASDAQ:DLO) Shares Down 8.9% on Analyst Downgrade

DLocal Limited (NASDAQ:DLO) traded down 8.9% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $9.00. Barclays currently has an equal weight rating on the stock. DLocal traded as low as $9.01 and last traded at $8.90. 322,274 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,305,053 shares. The stock had previously closed at $9.77.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Susquehanna upped their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Azora Capital LP purchased a new position in DLocal in the fourth quarter valued at about $37,144,000. Baillie Gifford & Co. increased its stake in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of DLocal in the 4th quarter worth approximately $25,099,000. J. Goldman & Co LP lifted its stake in DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in DLocal by 82.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company’s stock valued at $11,125,000 after purchasing an additional 445,549 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Trading Down 3.5 %

The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The firm has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $10.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. On average, equities research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

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.