Wasatch Advisors, Inc. has recently announced that it has increased stake in DLocal Limited (NASDAQ:DLO) by 49.94%. After grabbing 6.13 million shares, the institutional investor is now in possession of 2.04 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.78% having worth around $136.63 million. Moreover, Sands Capital Management LLC increased its share by 1.01 million to have a control over 3.83 million shares. And Atreides Management LP raised its holdings to 0.37 million shares by acquiring 2.94 million shares or 1.81% of the stake.
DLocal Limited (DLO) concluded trading on 11/17/22 at a closing price of $10.60, with 56.74 million shares of worth about $601.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.26% during that period and on Thursday the price saw a gain of about 1.34%. Currently the company’s common shares owned by public are about 313.19M shares, out of which, 147.80M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the DLO stock and their offered price forecasts bring an average price target of $32.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $43.00 and could fall to a lowest price of $22.00. The stock’s current price level is 67.66% above of average price target set by the analysts, while a rise to estimated low would result in gain of 51.82% for the stock. However, touching the estimated high of $43.00 would mean a gain of 75.35% for the stock.
St. James’s Place Unit Trust – Em, Catalyst Eventide Gilead Fund, and Fidelity Inv. Trust – Emerging Ma are the top 3 mutual funds which are holding stakes in DLocal Limited St. James’s Place Unit Trust – Em is currently holding 3.28 million shares of worth totaling $73.07 million. The company recently came buying 2.18 million shares which brought its stake up to 2.02% of the company’s outstanding shares. Catalyst Eventide Gilead Fund sold -0.37 million shares, after which its hold over company’s outstanding shares shrunk to 1.99%, leaving 3.22 million shares with the mutual fund that have a worth of about $71.7 million. Fidelity Inv. Trust – Emerging Ma, after buying 2.64 million shares, have now control over 1.63% of the stake in the company. It holds 0.26 million shares of worth $58.92 million.
DLocal Limited (NASDAQ: DLO) started trading at $10.005, below -$0.46 from concluding price of the previous day. However, the stock later moved at a day high price of 12.49, or with a gain of 1.34%. Stock saw a price change of -51.06% in past 5 days and over the past one month there was a price change of -47.39%. Year-to-date (YTD), DLO shares are showing a performance of -70.30% which decreased to -69.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.29 but also hit the highest price of $39.94 during that period. The average intraday trading volume for DLocal Limited shares is 2.09 million. The stock is currently trading -49.26% below its 20-day simple moving average (SMA20), while that difference is down -51.98% for SMA50 and it goes to -59.61% lower than SMA200.
Wasatch Advisors, Inc. acquired 6.13 million shares of DLocal Limited having value of about $136.63 million. Data submitted at the U.S SEC by Wasatch Advisors, Inc. revealed that the firm now holds 2.04 million shares in the company valued at close to $21631430.6, or have control over 49.94% stake in the company. DLocal Limited (NASDAQ: DLO) currently have 313.19M outstanding shares and institutions hold larger chunk of about 92.50% of that. Holding of mutual funds in the company is about 22.99% while other institutional holders and individual stake holders have control over 25.47% and — of the stake respectively.
The stock has a current market capitalization of $2.97B. PE ratio of stock for trailing 12 months is 33.44, while it has posted earnings per share of $0.32 in the same period. Its PEG reads 0.64 and has Quick Ratio of 1.70 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DLO, volatility over the week remained 35.07% while standing at 13.38% over the month.
Analysts are in expectations that DLocal Limited (DLO) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.12 and it is $0.65 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.09 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 162.00% while it is estimated to increase by 56.22% in next year.
Analysts at 9 brokerage firms have issued recommendations for the DLocal Limited (DLO)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 9 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by SMBC Nikko on September 26, 2022 offering an Underperform rating for the stock and assigned a target price range of between $28 and $22 to it. Coverage by New Street stated DLocal Limited (DLO) stock as a Buy in their note to investors on May 09, 2022, suggesting a price target of $38 for the stock. On April 14, 2022, Piper Sandler Initiated their recommendations, while on February 10, 2022, UBS Upgrade their ratings for the stock with a price target of $44. Stock get a Buy rating from HSBC Securities on January 31, 2022.