Shares of DLocal Limited (NASDAQ:DLO – Get Free Report) traded down 2.3% on Thursday after Barclays lowered their price target on the stock from $18.00 to $17.00. Barclays currently has an equal weight rating on the stock. DLocal traded as low as $15.31 and last traded at $15.33. 96,472 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,048,795 shares. The stock had previously closed at $15.69.
A number of other analysts have also recently issued reports on DLO. Susquehanna cut their price objective on DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $24.00 in a research report on Tuesday, January 9th. The Goldman Sachs Group cut their price objective on DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, TheStreet cut DLocal from a “c-” rating to a “d+” rating in a research report on Wednesday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.72.
Hedge Funds Weigh In On DLocal
Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in DLocal during the 4th quarter worth $27,000. State of Wyoming bought a new stake in DLocal during the 2nd quarter worth $45,000. Tower Research Capital LLC TRC grew its position in DLocal by 53.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,179 shares of the company’s stock worth $65,000 after acquiring an additional 1,104 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in DLocal during the 3rd quarter worth $67,000. Finally, Point72 Hong Kong Ltd bought a new stake in DLocal during the 4th quarter worth $69,000. Institutional investors own 41.67% of the company’s stock.
DLocal Price Performance
The firm has a market cap of $4.51 billion, a P/E ratio of 32.02, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $16.82 and a two-hundred day moving average of $17.83.
About DLocal
DLocal Limited operates a payment processing platform worldwide. 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.