DLocal (NASDAQ:DLO) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of DLocal Limited (NASDAQ:DLO) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $13.55 and traded as low as $12.87. DLocal shares last traded at $12.96, with a volume of 2,328,470 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DLO shares. The Goldman Sachs Group boosted their price target on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Truist Financial cut their price objective on shares of DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Finally, Weiss Ratings raised shares of DLocal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Six analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $19.00.

DLocal Trading Down 5.1%

The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 19.34 and a beta of 0.86. The company’s fifty day moving average is $14.63 and its two-hundred day moving average is $13.55.

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

Insider Activity

In related news, Director Sebastian Kanovich sold 72,753 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total value of $1,130,581.62. Following the sale, the director owned 4,700 shares in the company, valued at approximately $73,038. The trade was a 93.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 45.44% of the company’s stock.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in shares of DLocal by 847.2% in the third 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 in the last quarter. State of Alaska Department of Revenue purchased a new position in DLocal in the third quarter worth approximately $80,000. Parvin Asset Management LLC grew its holdings in DLocal by 51.0% during the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock worth $96,000 after acquiring an additional 2,500 shares in the last quarter. R Squared Ltd acquired a new position in DLocal during the 1st quarter worth approximately $135,000. Finally, Mason & Associates Inc acquired a new position in shares of DLocal during the first quarter worth $176,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

About DLocal

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company’s services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.