DLocal (NASDAQ:DLO) Trading Down 8.9% Following Analyst Downgrade

DLocal Limited (NASDAQ:DLO)’s share price was down 8.9% during 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. Approximately 322,274 shares changed hands during trading, a decline of 75% from the average daily volume of 1,305,053 shares. The stock had previously closed at $9.77.

DLO has been the topic of a number of other research reports. Susquehanna lifted their target price on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a report on Friday. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Finally, 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 report on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, DLocal has a consensus rating of “Hold” and an average target price of $11.94.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DLO. GSA Capital Partners LLP boosted its stake in DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of DLocal by 108.5% in 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 in the last quarter. PEAK6 Investments LLC purchased a new position in shares of DLocal in the third quarter worth $488,000. JPMorgan Chase & Co. boosted its position in shares of DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after buying an additional 280,607 shares during the last quarter. Finally, Centiva Capital LP boosted its position in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after buying an additional 71,892 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Trading Down 8.0 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $2.66 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The stock has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $10.43.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, sell-side analysts anticipate that DLocal Limited will post 0.47 EPS for the current 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.