DLocal Limited (NASDAQ:DLO – Get Rating) shares gapped down prior to trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $43.00 to $25.00. The stock had previously closed at $14.60, but opened at $14.00. DLocal shares last traded at $13.89, with a volume of 16,018 shares traded.
A number of other research analysts have also weighed in on DLO. Citigroup reduced their price target on DLocal from $28.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday. Sumitomo Mitsui Financial Group lowered DLocal from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $28.00 to $22.00 in a research note on Monday, September 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.57.
Institutional Trading of DLocal
A number of hedge funds have recently made changes to their positions in DLO. Advisors Asset Management Inc. grew its holdings in DLocal by 15.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,750 shares of the company’s stock valued at $77,000 after purchasing an additional 495 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in DLocal by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 20,185 shares of the company’s stock valued at $414,000 after purchasing an additional 508 shares in the last quarter. Vanguard Group Inc. grew its holdings in DLocal by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 83,902 shares of the company’s stock valued at $1,722,000 after purchasing an additional 560 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in DLocal by 0.7% during the 1st quarter. Allianz Asset Management GmbH now owns 96,283 shares of the company’s stock valued at $3,010,000 after purchasing an additional 711 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in DLocal by 11.4% during the 3rd quarter. Royal Bank of Canada now owns 7,385 shares of the company’s stock valued at $151,000 after purchasing an additional 754 shares in the last quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.
DLocal Stock Performance
The stock’s fifty day moving average is $19.63 and its two-hundred day moving average is $24.31. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 40.56 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.72 and a current ratio of 1.72.
DLocal Company Profile
DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.