DLocal (NASDAQ:DLO) Shares Gap Down Following Analyst Downgrade

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) gapped down prior to trading on Friday after HSBC lowered their price target on the stock from $19.00 to $17.00. The stock had previously closed at $16.24, but opened at $15.79. HSBC currently has a hold rating on the stock. DLocal shares last traded at $16.30, with a volume of 94,934 shares trading hands.

Several other brokerages also recently commented on DLO. The Goldman Sachs Group lowered their target price on DLocal from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, March 20th. New Street Research raised DLocal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. TheStreet downgraded DLocal from a "c-" rating to a "d+" rating in a research note on Wednesday, December 13th. Barclays lowered their price objective on DLocal from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, March 21st. Finally, Susquehanna lowered their price objective on DLocal from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, March 19th. Five equities 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 has an average rating of "Hold" and a consensus price target of $19.78.

Institutional Trading of DLocal

Several institutional investors have recently added to or reduced their stakes in DLO. GSA Capital Partners LLP bought a new position in shares of DLocal during the 4th quarter worth approximately $1,053,000. Point72 Hong Kong Ltd bought a new position in shares of DLocal during the 4th quarter worth approximately $69,000. Wasatch Advisors LP boosted its holdings in shares of DLocal by 35.3% during the 4th quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company's stock worth $63,550,000 after buying an additional 936,558 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of DLocal by 12.8% during the 4th quarter. Sei Investments Co. now owns 191,484 shares of the company's stock worth $3,387,000 after buying an additional 21,725 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of DLocal by 14.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 37,782 shares of the company's stock worth $668,000 after buying an additional 4,892 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Up 0.1 %

The business has a fifty day moving average of $16.33 and a 200-day moving average of $17.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $4.81 billion, a P/E ratio of 33.16, a PEG ratio of 0.93 and a beta of 0.96.

About DLocal

DLocal Limited operates a payment processing platform worldwide. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.