DLocal (NASDAQ:DLO) Trading Down 3.2% - What's Next?

DLocal Limited (NASDAQ:DLO - Get Free Report) dropped 3.2% during trading on Wednesday . The company traded as low as $9.86 and last traded at $9.83. Approximately 442,032 shares changed hands 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.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial assumed coverage on shares of DLocal in a report on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective on the stock. Morgan Stanley reiterated an "equal weight" rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. 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. Citigroup started coverage on shares of DLocal in a report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.07.

DLocal Trading Down 1.9%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $9.87 and a 200-day moving average of $10.68. The stock has a market cap of $2.84 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 0.98 and a beta of 1.10.

DLocal (NASDAQ:DLO - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The firm had revenue of $216.76 million during the quarter, compared to the consensus estimate of $213.52 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts anticipate that DLocal Limited will post 0.47 EPS for the current year.

DLocal Announces Dividend

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

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently bought and sold shares of DLO. Baillie Gifford & Co. raised its position in DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after purchasing an additional 1,360,183 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in DLocal in the 4th quarter worth approximately $300,000. SBI Securities Co. Ltd. acquired a new stake in DLocal in the fourth quarter valued at approximately $233,000. Lane Generational LLC lifted its position in shares of DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company's stock worth $4,642,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of DLocal in the fourth quarter valued at $142,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

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