Ridgewood Investments LLC Grows Position in DLocal Limited (NASDAQ:DLO)

Ridgewood Investments LLC grew its stake in DLocal Limited (NASDAQ:DLO) by 31.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,654 shares of the company’s stock after buying an additional 3,293 shares during the period. Ridgewood Investments LLC’s holdings in DLocal were worth $110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of DLocal by 24.8% during the fourth 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. Tempus Wealth Planning LLC acquired a new stake in DLocal during the 2nd quarter valued at approximately $131,000. Newfoundland Capital Management purchased a new stake in shares of DLocal in the 4th quarter valued at $212,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of DLocal in the 1st quarter valued at $218,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of DLocal in the first quarter worth $253,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DLO shares. JPMorgan Chase & Co. lowered their target price on DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. Susquehanna lowered their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research report on Thursday, August 15th. Barclays cut their target price 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. The Goldman Sachs Group cut shares of DLocal from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.00 to $8.00 in a research note on Wednesday, June 26th. Finally, UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $9.00 in a research report on Thursday, June 20th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.50.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.38 during midday trading on Thursday, hitting $8.98. The company’s stock had a trading volume of 1,502,583 shares, compared to its average volume of 1,688,874. The company has a market cap of $2.66 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 0.80 and a beta of 0.74. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $23.00. The business’s 50 day simple moving average is $7.93 and its 200 day simple moving average is $11.69. 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 (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $171.30 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. On average, analysts forecast that DLocal Limited will post 0.44 EPS for the current year.

DLocal 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.