DLocal Limited $DLO Shares Newly Bought by Calamos Advisors LLC

Calamos Advisors LLC bought a new position in DLocal Limited (NASDAQ:DLO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,801 shares of the company’s stock, valued at approximately $616,000.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in DLocal by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,031 shares of the company’s stock valued at $42,000 after purchasing an additional 2,711 shares during the period. CWA Asset Management Group LLC purchased a new stake in DLocal in the 3rd quarter worth approximately $2,420,000. Annex Advisory Services LLC purchased a new stake in DLocal in the 3rd quarter worth approximately $1,515,000. State of Alaska Department of Revenue purchased a new stake in DLocal in the 3rd quarter worth approximately $80,000. Finally, Tikvah Management LLC grew its position in shares of DLocal by 13.8% in the 2nd quarter. Tikvah Management LLC now owns 1,420,822 shares of the company’s stock worth $18,464,000 after buying an additional 172,500 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DLO has been the topic of several research analyst reports. Weiss Ratings cut DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 2nd. The Goldman Sachs Group upped their target price on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Truist Financial dropped their price target on DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

DLocal Trading Up 3.2%

Shares of DLO opened at $14.39 on Tuesday. The firm’s 50-day moving average price is $14.44 and its 200-day moving average price is $13.54. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 21.48 and a beta of 0.95. DLocal Limited has a 1-year low of $10.64 and a 1-year high of $16.15.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The company had revenue of $399.66 million during the quarter, compared to the consensus estimate of $366.77 million. During the same period in the prior year, the firm earned $0.14 earnings per share. DLocal’s revenue was up 55.9% on a year-over-year basis. On average, research analysts forecast that DLocal Limited will post 0.80 EPS for the current fiscal year.

DLocal Company Profile

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration.

The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.

Founded in 2016 and headquartered in Montevideo, Uruguay, DLocal serves markets across Latin America, Africa, Asia and the Middle East.