DLocal (NASDAQ:DLO) Reaches New 12-Month Low at $7.26

DLocal Limited (NASDAQ:DLO)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.26 and last traded at $7.26, with a volume of 462124 shares. The stock had previously closed at $7.68.

Wall Street Analysts Forecast Growth

DLO has been the topic of several recent research reports. Susquehanna reaffirmed a “positive” rating and set a $21.00 price objective on shares of DLocal in a research report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their target price on shares of DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 29th. Bank of America reduced their price objective on shares of DLocal from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. HSBC lowered their target price on DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $9.00 in a research note on Thursday, June 20th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.72.

DLocal Stock Down 2.6 %

The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s 50-day simple moving average is $8.03 and its two-hundred day simple moving average is $12.82.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $184.43 million during the quarter, compared to the consensus estimate of $195.24 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. On average, sell-side analysts expect that DLocal Limited will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC boosted its stake in DLocal by 24.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after purchasing an additional 870 shares during the period. Ridgewood Investments LLC acquired a new position in DLocal during the 1st quarter worth approximately $152,000. Newfoundland Capital Management acquired a new stake in shares of DLocal in the fourth quarter valued at approximately $212,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of DLocal in the first quarter worth $218,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after purchasing an additional 3,101 shares during the last quarter. Institutional investors 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.