Key Points
- DLocal director Sebastian Kanovich sold 72,753 shares at an average price of $15.54, generating $1.13 million. The Rule 10b5-1 transaction reduced his ownership by 93.93%, leaving him with 4,700 shares.
- DLocal reported quarterly revenue of $335.86 million, up 54.9% year over year, and earnings of $0.17 per share, slightly above analyst estimates.
- Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $17.75; institutional investors own 90.13% of outstanding shares.
DLocal Limited (NASDAQ:DLO - Get Free Report) Director Sebastian Kanovich sold 4,700 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $15.50, for a total value of $72,850.00. Following the transaction, the director directly owned 4,700 shares of the company's stock, valued at approximately $72,850. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sebastian Kanovich also recently made the following trade(s):
- On Wednesday, August 5th, Sebastian Kanovich sold 72,753 shares of DLocal stock. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62.
- On Tuesday, July 7th, Sebastian Kanovich sold 25,700 shares of DLocal stock. The stock was sold at an average price of $15.50, for a total value of $398,350.00.
- On Wednesday, July 1st, Sebastian Kanovich sold 1,000,000 shares of DLocal stock. The stock was sold at an average price of $14.63, for a total value of $14,630,000.00.
DLocal Stock Performance
NASDAQ DLO opened at $14.11 on Wednesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 22.40 and a beta of 0.97. DLocal Limited has a one year low of $10.52 and a one year high of $16.78. The stock has a 50 day moving average price of $13.76 and a 200-day moving average price of $13.10.
DLocal (NASDAQ:DLO - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The firm had revenue of $335.86 million during the quarter, compared to analyst estimates of $331.20 million. During the same period last year, the firm posted $0.15 earnings per share. DLocal's revenue for the quarter was up 54.9% compared to the same quarter last year. As a group, equities analysts predict that DLocal Limited will post 0.82 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of DLocal in a report on Friday, July 17th. UBS Group raised DLocal from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. Wall Street Zen downgraded DLocal from a "buy" rating to a "hold" rating in a research report on Monday, May 18th. Finally, Truist Financial upped their price objective on DLocal from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, DLocal presently has a consensus rating of "Buy" and a consensus price target of $17.75.
View Our Latest Research Report on DLO
Institutional Investors Weigh In On DLocal
Several hedge funds and other institutional investors have recently made changes to their positions in DLO. Bank of America Corp DE boosted its stake in shares of DLocal by 0.3% during the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company's stock worth $52,831,000 after purchasing an additional 13,536 shares during the period. Cria Inc. bought a new stake in DLocal in the fourth quarter worth about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new position in shares of DLocal during the fourth quarter valued at approximately $54,128,000. Marshall Wace LLP boosted its position in shares of DLocal by 18.9% during the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company's stock valued at $51,792,000 after buying an additional 582,718 shares during the period. Finally, Baillie Gifford & Co. grew its stake in shares of DLocal by 12.2% during the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company's stock valued at $42,373,000 after buying an additional 326,537 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.
About DLocal
(
Get Free Report)
dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.
The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.
dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.
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