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

The Goldman Sachs Group downgraded shares of DLocal (NASDAQ:DLO) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat reports. The Goldman Sachs Group currently has $8.00 price target on the stock, down from their previous price target of $16.00.

Several other analysts also recently weighed in on DLO. HSBC cut their price objective on shares of DLocal from $19.00 to $17.00 and set a hold rating on the stock in a research report on Friday, April 5th. Barclays cut their target price on DLocal from $17.00 to $14.00 and set an equal weight rating on the stock in a research note on Monday, May 20th. Bank of America decreased their price target on DLocal from $18.00 to $15.00 and set a neutral rating for the company in a research note on Thursday, May 16th. JPMorgan Chase & Co. decreased their target price on shares of DLocal from $17.00 to $14.00 and set a neutral rating for the company in a research report on Wednesday, May 29th. Finally, Susquehanna reissued a positive rating and set a $21.00 target price on shares of DLocal in a research note on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, DLocal has a consensus rating of Hold and an average target price of $14.72.

DLocal Stock Down 1.1 %

Shares of NASDAQ:DLO opened at $8.09 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. DLocal has a 1-year low of $7.26 and a 1-year high of $24.22. The company’s fifty day moving average is $10.39 and its two-hundred day moving average is $14.47. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 0.89 and a beta of 0.78.

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

Institutional Investors Weigh In On DLocal

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC increased 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 in the last quarter. Citigroup Inc. raised its holdings in shares of 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 period. Ridgewood Investments LLC purchased a new stake in shares of DLocal in the 1st quarter valued at approximately $152,000. OneAscent Wealth Management LLC acquired a new position in DLocal in the 4th quarter worth approximately $185,000. Finally, Newfoundland Capital Management purchased a new position in DLocal during the 4th quarter worth approximately $212,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.