DLocal (NASDAQ:DLO) Trading Down 3.2% - Here's What Happened

DLocal Limited (NASDAQ:DLO - Get Free Report) dropped 3.2% during trading on Wednesday . The stock traded as low as $9.86 and last traded at $9.83. Approximately 442,032 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,315,592 shares. The stock had previously closed at $10.15.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DLO shares. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Morgan Stanley reissued an "equal weight" rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Susquehanna upped their price target on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. Barclays lowered their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, Truist Financial started coverage on DLocal in a research report on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.45.

DLocal Price Performance

The business's 50 day moving average price is $9.95 and its 200-day moving average price is $10.66. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.91 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The business had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. During the same period last year, the business earned $0.06 EPS. The business's revenue was up 17.6% on a year-over-year basis. As a group, analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.5251 per share. The ex-dividend date was Tuesday, May 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DLO. Wells Fargo & Company MN raised its holdings in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after acquiring an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DLocal by 603.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after purchasing an additional 3,477 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of DLocal in the 4th quarter valued at about $55,000. Caption Management LLC raised its stake in shares of DLocal by 164.7% in the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock valued at $94,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of DLocal during the fourth quarter worth about $142,000. Institutional investors and hedge funds own 90.13% of the company's stock.

About DLocal

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.