PEAK6 Investments LLC Acquires New Stake in DLocal Limited (NASDAQ:DLO)

PEAK6 Investments LLC bought a new position in shares of DLocal Limited (NASDAQ:DLO) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 61,036 shares of the company’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fourth Sail Capital LP boosted its position in shares of DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after buying an additional 906,561 shares during the period. Sylebra Capital LLC acquired a new position in DLocal during the 2nd quarter worth approximately $13,565,000. Baillie Gifford & Co. grew its stake in shares of DLocal by 0.8% during the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after acquiring an additional 9,340 shares in the last quarter. Millennium Management LLC raised its holdings in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after purchasing an additional 387,762 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DLocal Stock Performance

DLO opened at $11.35 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.35 and a beta of 0.89. DLocal Limited has a 12-month low of $6.57 and a 12-month high of $18.76. The business has a 50 day moving average of $9.28 and a 200-day moving average of $8.60.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that DLocal Limited will post 0.47 earnings per share for the current 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.