GSA Capital Partners LLP Boosts Holdings in DLocal Limited (NASDAQ:DLO)

GSA Capital Partners LLP lifted its position in DLocal Limited (NASDAQ:DLO - Free Report) by 180.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,983 shares of the company's stock after buying an additional 175,116 shares during the quarter. GSA Capital Partners LLP owned approximately 0.09% of DLocal worth $2,176,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP grew its position in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DLocal in the third quarter worth approximately $109,000. Ridgewood Investments LLC raised its stake in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock valued at $110,000 after purchasing an additional 3,293 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in DLocal during the second quarter valued at approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company's stock worth $127,000 after buying an additional 3,101 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DLO has been the subject of several research reports. 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 research report on Tuesday, August 6th. Bank of America increased their price objective on DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Finally, Susquehanna dropped their target price on DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a research report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.50.

DLocal Stock Performance

Shares of NASDAQ DLO remained flat at $8.65 during mid-day trading on Tuesday. 689,725 shares of the company traded hands, compared to its average volume of 1,541,664. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 3.89 and a beta of 0.74. DLocal Limited has a 12 month low of $6.57 and a 12 month high of $19.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $8.61 and its 200 day moving average price is $8.88.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same period in the prior year, the business earned $0.15 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts predict that DLocal Limited will post 0.42 EPS for the current fiscal year.

About DLocal

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.