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

Goldman Sachs Group lowered its shares by DLocal (NASDAQ:DLO – free report) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a $8.00 price target on the stock, down from the previous price target of $16.00.

Other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on shares of DLocal from $17.00 to $14.00 and set a Neutral rating for the company in a research note on Wednesday, May 29. Bank of America lowered their price target 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 16. HSBC lowered their price target on shares of DLocal from $19.00 to $17.00 and set a Hold rating on the stock in a research note on Friday, April 5. UBS Group raised DLocal from a Sell to a Neutral rating and lowered their price target on the stock from $13.00 to $9.00 in a research note on Thursday, June 20. Finally, Citigroup lowered their price target on shares of DLocal from $17.00 to $10.50 and set a neutral rating on the stock in a report on Wednesday, June 5. Seven research analysts have rated the stock a “hold” and two have issued a “buy” rating on the stock. According to MarketBeat, DLocal has an average rating of “hold” and an average price target of $14.72.

Read our latest research report on DLocal

DLocal share results

DLO shares opened at $7.71 on Wednesday. The company has a market capitalization of $2.28 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78. The stock has a 50-day moving average of $10.66 and a 200-day moving average of $14.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.61. DLocal has a 1-year low of $7.26 and a 1-year high of $24.22.

DLocal (NASDAQ:DLO – Get Free Report) last released its financial results on Tuesday, May 14. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $184.43 million for 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%. As a group, sell-side analysts expect DLocal to post 0.44 EPS for the current year.

Hedge funds play on DLocal

A number of hedge funds have recently added to or reduced their holdings in DLO. Annis Gardner Whiting Capital Advisors LLC increased its position in DLocal by 24.8% in 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. Citigroup Inc. increased its holdings in DLocal by 24.5% in the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after purchasing an additional 1,378 shares in the last quarter. Ridgewood Investments LLC acquired a new position in DLocal in the first quarter worth $152,000. OneAscent Wealth Management LLC acquired a new position in shares of DLocal in the fourth quarter worth $185,000. Finally, Newfoundland Capital Management acquired a new position in shares of DLocal in the fourth quarter worth $212,000. Institutional investors own 90.13% of the company’s shares.

Local company profile

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DLocal Limited operates a global payment processing platform. The company offers a pay-in solution through which a business receives payment for its products and services via a variety of payment methods, including international and local cards, online bank transfers and direct debits, cash and alternative payment methods.

DLocal share results

Hedge funds play on DLocal

Local company profile

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