DLocal (NASDAQ:DLO) Price Target Cut to $14.00 by Analysts at Susquehanna

DLocal (NASDAQ:DLO) had its target price decreased by Susquehanna from $21.00 to $14.00 in a report released on Thursday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other analysts have also commented on the company. Bank of America decreased their price objective on DLocal from $18.00 to $15.00 and set a neutral rating on the stock in a research note on Thursday, May 16th. Barclays lowered their price target on shares of DLocal from $14.00 to $8.00 and set an equal weight rating for the company in a report on Tuesday, August 6th. Citigroup reduced their price objective on shares of DLocal from $17.00 to $10.50 and set a neutral rating on the stock in a research note on Wednesday, June 5th. The Goldman Sachs Group cut shares of DLocal from a buy rating to a neutral rating and lowered their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. reduced their price target on DLocal from $17.00 to $14.00 and set a neutral rating on the stock in a research note on Wednesday, May 29th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $12.50.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.32 during trading on Thursday, hitting $8.35. 1,970,119 shares of the stock were exchanged, compared to its average volume of 1,707,167. The company has a market cap of $2.47 billion, a PE ratio of 18.25, a P/E/G ratio of 0.80 and a beta of 0.74. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $7.77 and a two-hundred day moving average price of $12.21. DLocal has a 12-month low of $6.57 and a 12-month high of $23.00.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.06. The business had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. DLocal had a return on equity of 35.20% and a net margin of 18.83%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.15 EPS. On average, analysts forecast that DLocal will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sylebra Capital LLC acquired a new position in shares of DLocal in the second quarter worth about $13,565,000. Wasatch Advisors LP raised its position in shares of DLocal by 35.3% in the 4th 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 in the last quarter. Fourth Sail Capital LP boosted its stake in shares of DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after buying an additional 906,561 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of DLocal during the 1st quarter valued at approximately $9,949,000. Finally, Baillie Gifford & Co. grew its position in shares of DLocal by 55.5% during the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock worth $22,728,000 after buying an additional 552,104 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.