DLocal Limited (NASDAQ:DLO – Get Free Report) shares reached a new 52-week low on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $17.00 to $14.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. DLocal traded as low as $9.11 and last traded at $9.17, with a volume of 395417 shares. The stock had previously closed at $9.43.
DLO has been the subject of several other reports. The Goldman Sachs Group cut their target price on DLocal from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Susquehanna reissued a “positive” rating and issued a $21.00 price target on shares of DLocal in a research note on Wednesday, May 15th. Barclays cut their price objective on DLocal from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, May 20th. Citigroup started coverage on shares of DLocal in a report on Friday, April 19th. They set a “neutral” rating and a $17.00 target price on the stock. Finally, Bank of America cut their price target on DLocal from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.25.
Institutional Trading of DLocal
A number of institutional investors have recently modified their holdings of DLO. Fox Run Management L.L.C. raised its stake in shares of DLocal by 61.8% during the 3rd quarter. Fox Run Management L.L.C. now owns 47,760 shares of the company’s stock worth $916,000 after buying an additional 18,242 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in DLocal in the 3rd quarter valued at about $363,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of DLocal in the third quarter valued at approximately $67,000. Mirabella Financial Services LLP acquired a new stake in DLocal during the third quarter worth approximately $274,000. Finally, Polen Capital Management LLC grew its stake in DLocal by 13.9% in the 3rd quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company’s stock worth $36,869,000 after acquiring an additional 234,772 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
DLocal Trading Down 2.2 %
The company has a market cap of $2.73 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The business has a 50 day simple moving average of $13.84 and a two-hundred day simple moving average of $16.01. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01.
DLocal (NASDAQ:DLO – Get Free Report) last released its earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). DLocal had a net margin of 18.83% and a return on equity of 35.20%. The company had revenue of $188.01 million during the quarter, compared to analysts’ expectations of $169.85 million. On average, analysts forecast that DLocal Limited will post 0.49 EPS 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.