The Goldman Sachs Group Downgrades DLocal (NASDAQ:DLO) to Neutral

DLocal (NASDAQ:DLO) was downgraded by The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $8.00 target price on the stock, down from their previous target price of $16.00. The Goldman Sachs Group’s price target would suggest a potential downside of 2.20% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Citigroup cut their price target on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Susquehanna reiterated a “positive” rating and issued a $21.00 price target on shares of DLocal in a research note on Wednesday, May 15th. Barclays decreased their target price on DLocal from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, May 20th. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $13.00 to $9.00 in a report on Thursday, June 20th. Finally, Bank of America lowered their price objective on shares of DLocal from $18.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, DLocal has a consensus rating of “Hold” and an average target price of $14.72.

DLocal Trading Up 6.1 %

Shares of NASDAQ:DLO opened at $8.18 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $10.52 and a 200-day moving average of $14.55. DLocal has a 12-month low of $7.26 and a 12-month high of $24.22. The stock has a market cap of $2.42 billion, a PE ratio of 18.59, a P/E/G ratio of 0.84 and a beta of 0.78.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $184.43 million for the quarter, compared to analyst estimates of $195.24 million. DLocal had a return on equity of 35.20% and a net margin of 18.83%. As a group, equities research analysts forecast that DLocal will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP lifted its position in DLocal by 35.3% during the fourth quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company’s stock valued at $63,550,000 after purchasing an additional 936,558 shares during the last quarter. 1832 Asset Management L.P. increased its position in shares of DLocal by 12.9% during the 4th quarter. 1832 Asset Management L.P. now owns 1,096,800 shares of the company’s stock valued at $19,402,000 after purchasing an additional 125,000 shares during the last quarter. Fourth Sail Capital LP raised its holdings in shares of DLocal by 78.4% during the 1st quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock valued at $21,921,000 after buying an additional 655,548 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in DLocal in the fourth quarter worth approximately $355,000. Finally, Citigroup Inc. grew its position in DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after acquiring an additional 1,378 shares during the last quarter. 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.