DLocal (NASDAQ:DLO) Stock Price Down 5.1% - Should You Sell?

Key Points

• DLocal's stock price decreased by 5.1%, trading last at $14.86, which is a decline from its previous close of $15.66.
• Analysts have mixed ratings on DLocal, with five ratings of hold, four buy ratings, and one strong buy, while the average price target is set at $13.51.
• The company reported a 49.7% year-over-year revenue growth with earnings per share of $0.14, exceeding estimates of $0.13.

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) were down 5.1% during trading on Monday . The stock traded as low as $14.82 and last traded at $14.86. Approximately 982,537 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 1,327,551 shares. The stock had previously closed at $15.66.

Analyst Ratings Changes

DLO has been the subject of a number of research reports. Morgan Stanley set a $15.00 target price on shares of DLocal in a report on Thursday. Citigroup began coverage on DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 target price on the stock. HSBC upgraded shares of DLocal from a "hold" rating to a "buy" rating and raised their price objective for the company from $11.50 to $15.00 in a research note on Thursday. UBS Group reaffirmed a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. Finally, Susquehanna upped their target price on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.51.

DLocal Stock Down 1.1%

The stock has a market cap of $4.42 billion, a P/E ratio of 32.28 and a beta of 1.10. The business has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $10.50. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. DLocal had a net margin of 16.90% and a return on equity of 36.85%. The company had revenue of $256.50 million for the quarter, compared to analyst estimates of $226.71 million. During the same quarter last year, the firm earned $0.15 EPS. The company's revenue for the quarter was up 49.7% on a year-over-year basis. Analysts expect that DLocal Limited will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DLO. Wells Fargo & Company MN boosted its stake in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after purchasing an additional 1,797 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after buying an additional 3,477 shares during the period. Parvin Asset Management LLC bought a new position in shares of DLocal during the fourth quarter worth about $55,000. Activest Wealth Management acquired a new stake in DLocal in the 2nd quarter valued at approximately $80,000. Finally, CWM LLC bought a new stake in DLocal in the 2nd quarter valued at approximately $113,000. Institutional investors own 90.13% of the company's stock.

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.

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