DLocal Limited (NASDAQ:DLO – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $13.74, but opened at $14.85. DLocal shares last traded at $14.7890, with a volume of 390,123 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. Weiss Ratings raised DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. The Goldman Sachs Group increased their price objective on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Truist Financial raised their price objective on shares of DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.20.
Read Our Latest Stock Report on DLO
DLocal Trading Up 0.1%
DLocal (NASDAQ:DLO – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $399.66 million during the quarter, compared to analyst estimates of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%.DLocal’s revenue was up 55.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Sell-side analysts anticipate that DLocal Limited will post 0.81 EPS for the current fiscal year.
Insider Transactions at DLocal
In other news, Director Sebastian Kanovich sold 72,753 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62. Following the completion of the transaction, the director owned 4,700 shares in the company, valued at approximately $73,038. This represents a 93.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in DLocal during the fourth quarter worth $27,064,000. Azora Capital LP acquired a new stake in shares of DLocal in the 4th quarter valued at $21,888,000. Wellington Management Group LLP acquired a new stake in shares of DLocal in the 2nd quarter valued at $19,399,000. Hsbc Holdings PLC bought a new stake in shares of DLocal in the 1st quarter worth about $18,037,000. Finally, Bond Capital Management LP bought a new stake in shares of DLocal in the 2nd quarter worth about $12,048,000. Institutional investors and hedge funds own 90.13% of the company’s stock.
About DLocal
dLocal is a global payments technology company that provides businesses with access to consumers in emerging markets. Its platform enables international merchants to accept local payments, send funds, and manage cross-border transactions through a single integration, helping reduce the complexity of working with multiple payment methods, currencies, and financial systems.
The company’s services include pay-ins, which allow consumers to purchase goods and services using locally preferred payment methods, and payouts, which enable businesses to distribute funds to customers, workers, sellers, and other recipients.
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