DLocal Limited (NASDAQ:DLO – Get Free Report) Director William Rodney Pruett bought 20,000 shares of the stock in a transaction on Friday, May 29th. The shares were bought at an average cost of $11.85 per share, for a total transaction of $237,000.00. Following the purchase, the director owned 108,043 shares in the company, valued at $1,280,309.55. This trade represents a 22.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
DLocal Trading Down 2.4%
DLocal stock opened at $11.73 on Wednesday. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 18.62 and a beta of 0.99. The company’s 50-day moving average price is $12.81 and its two-hundred day moving average price is $13.14. DLocal Limited has a 52 week low of $9.75 and a 52 week high of $16.78.
DLocal (NASDAQ:DLO – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. DLocal’s quarterly revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. Research analysts expect that DLocal Limited will post 0.81 earnings per share for the current fiscal year.
DLocal Announces Dividend
Hedge Funds Weigh In On DLocal
Several hedge funds have recently made changes to their positions in DLO. Cria Inc. acquired a new position in shares of DLocal in the 4th quarter worth approximately $56,560,000. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in shares of DLocal in the 4th quarter worth approximately $54,128,000. Azora Capital LP acquired a new position in shares of DLocal in the fourth quarter worth about $21,888,000. Jain Global LLC acquired a new position in shares of DLocal in the fourth quarter worth about $21,085,000. Finally, Hsbc Holdings PLC acquired a new position in shares of DLocal in the first quarter worth about $18,037,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have commented on DLO. Truist Financial lowered their target price on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Wall Street Zen cut shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of DLocal in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.
Check Out Our Latest Stock Analysis on DLO
About DLocal
dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.
The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.
dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.
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