DLocal (NASDAQ:DLO) Hits New 12-Month Low at $7.26

DLocal Limited (NASDAQ:DLO) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.26 and last traded at $7.33, with a volume of 1200079 shares changing hands. The stock had previously closed at $7.48.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $9.00 in a report on Thursday, June 20th. The Goldman Sachs Group downgraded shares of DLocal from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Wednesday. Citigroup lowered their target price on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. HSBC lowered their target price on shares of DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Susquehanna reissued a “positive” rating and issued a $21.00 target price on shares of DLocal in a report on Wednesday, May 15th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.72.

DLocal Trading Up 0.8 %

The stock’s 50 day moving average is $10.82 and its two-hundred day moving average is $14.65. The company has a market capitalization of $2.28 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $184.43 million for the quarter, compared to analysts’ expectations of $195.24 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. As a group, sell-side analysts predict that DLocal Limited will post 0.44 EPS for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds have recently modified their holdings of DLO. Fred Alger Management LLC raised its position in shares of DLocal by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 324,324 shares of the company’s stock valued at $6,217,000 after purchasing an additional 858 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in DLocal by 24.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after buying an additional 870 shares during the period. Citigroup Inc. increased its holdings in DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after buying an additional 1,378 shares during the period. Renaissance Capital LLC increased its holdings in DLocal by 3.0% in the 1st quarter. Renaissance Capital LLC now owns 60,039 shares of the company’s stock worth $883,000 after buying an additional 1,743 shares during the period. Finally, Empowered Funds LLC increased its holdings in DLocal by 9.1% in the 1st quarter. Empowered Funds LLC now owns 41,002 shares of the company’s stock worth $603,000 after buying an additional 3,416 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

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.