DLocal (NASDAQ:DLO) Hits New 12-Month Low on Analyst Downgrade

DLocal Limited (NASDAQ:DLOGet Free Report)’s stock price hit a new 52-week low during mid-day trading 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 traded. The stock had previously closed at $9.43.

DLO has been the topic of several other reports. Citigroup assumed coverage on DLocal in a report on Friday, April 19th. They set a “neutral” rating and a $17.00 target price on the stock. Bank of America cut their target price on DLocal from $18.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, May 16th. The Goldman Sachs Group cut their target price on DLocal from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. HSBC cut their target price on DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $21.00 price target on shares of DLocal in a research report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DLocal currently has an average rating of “Hold” and a consensus target price of $17.25.

Get Our Latest Stock Report on DLO

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Artal Group S.A. raised its position in DLocal by 50.0% in the 1st quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock worth $441,000 after purchasing an additional 10,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in DLocal in the 1st quarter worth approximately $218,000. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of DLocal during the 1st quarter valued at $9,949,000. Consolidated Press International Holdings Ltd boosted its stake in DLocal by 5.8% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock worth $3,912,000 after purchasing an additional 14,499 shares during the period. Finally, Sei Investments Co. boosted its stake in DLocal by 7.8% in the 1st quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock worth $3,033,000 after purchasing an additional 14,864 shares during the period. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 0.95 and a beta of 0.94. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $13.84 and its two-hundred day moving average is $16.01.

DLocal (NASDAQ:DLOGet Free Report) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $188.01 million during the quarter, compared to the consensus estimate of $169.85 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. Analysts expect that DLocal Limited will post 0.49 earnings per share for the current fiscal year.

About DLocal

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for DLocal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLocal and related companies with MarketBeat.com's FREE daily email newsletter.