PEAK6 Investments LLC Buys Shares of 61,036 DLocal Limited (NASDAQ:DLO)

PEAK6 Investments LLC bought a new position in shares of DLocal Limited (NASDAQ:DLO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,036 shares of the company's stock, valued at approximately $488,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of DLocal in the 1st quarter valued at about $218,000. Tempus Wealth Planning LLC acquired a new position in DLocal during the 2nd quarter worth approximately $131,000. Ridgewood Investments LLC lifted its position in shares of DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after purchasing an additional 3,293 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in DLocal by 24.7% during 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. Finally, Krane Funds Advisors LLC bought a new stake in DLocal during the 2nd quarter worth about $122,000. Institutional investors own 90.13% of the company's stock.

DLocal Price Performance

Shares of DLO traded down $0.27 during midday trading on Wednesday, hitting $11.09. 988,232 shares of the company traded hands, compared to its average volume of 1,601,970. The stock has a 50-day moving average of $9.35 and a 200-day moving average of $8.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $3.28 billion, a P/E ratio of 27.45, a PEG ratio of 3.35 and a beta of 0.89. DLocal Limited has a one year low of $6.57 and a one year high of $18.76.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $185.80 million for the quarter, compared to analysts' expectations of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. DLocal's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, sell-side analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America increased their price target on DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Susquehanna lowered their price target on shares of DLocal from $21.00 to $14.00 and set a "positive" rating on the stock in a report on Thursday, August 15th. Finally, Barclays increased their price target on shares of DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.61.

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.