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DLOCAL LIMITED

(DLO)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-07 pm EST
16.90 USD   +2.36%
2022BofA Securities Reinstates DLocal at Buy With $18 Price Target
MT
2022New Street Downgrades DLocal to Neutral From Buy, Price Target of $25
MT
2022DLocal Refutes Short-Seller Report, Announces Share Buyback Program; Stock Gains
MT
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The Law Offices of Frank R. Cruz Continues Investigation of DLocal Limited (DLO) on Behalf of Investors

12/01/2022 | 05:41pm EST

The Law Offices of Frank R. Cruz continues its investigation of DLocal Limited (“DLocal” or the “Company”) (NASDAQ: DLO) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On November 16, 2022, Muddy Waters Capital LLC (“Muddy Waters”) published a research report concluding that DLocal “is likely a fraud.” Muddy Waters alleges that DLocal has repeated disclosures about its Total Processing Volume and accounts receivable “that flatly contradict one another” and that there is “a contradictory discrepancy between two key subsidiaries’ accounts payable and accounts receivable.” Muddy Waters also alleges that DLocal engaged in multiple misrepresentations to disguise the timing and the source of funding for an insider option exercise.

On this news, DLocal’s share price fell $10.76, or more than 50%, to close at $10.46 per share on November 16, 2022, thereby injuring investors.

Then, on December 1, 2022, Muddy Waters published another report stating that DLocal has held calls with clients from several banks, stressing that it had separated client funds from its own. The report also said that DLocal’s calls with clients were "non-specific" and "sweet-talking," and that "all [the Company] needed to do to address this issue was provide an explanation as to how the cash flows reconcile."

On this news, DLocal’s share price fell $2.21, or 15.1%, to close at $12.39 per share on December 1, 2022.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased DLocal securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


ę Business Wire 2022
All news about DLOCAL LIMITED
2022BofA Securities Reinstates DLocal at Buy With $18 Price Target
MT
2022New Street Downgrades DLocal to Neutral From Buy, Price Target of $25
MT
2022DLocal Refutes Short-Seller Report, Announces Share Buyback Program; Stock Gains
MT
2022Dlocal : Refutes Short-Seller Report and Announces Share Buyback Program and Proposed Shar..
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2022dLocal Refutes Short-Seller Report and Announces Share Buyback Program and Proposed Sha..
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2022dLocal Refutes Short-Seller Report and Announces Share Buyback Program and Proposed Sha..
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2022DLocal Limited announces an Equity Buyback for $100 million worth of its shares.
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2022DLocal Limited authorizes a Buyback Plan.
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2022For bear stock pickers, 2023 is full of rich pickings
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2022JPMorgan Adjusts DLocal Price Target to $15 From $30, Maintains Neutral Rating
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More news
Analyst Recommendations on DLOCAL LIMITED
More recommendations
Financials (USD)
Sales 2022 421 M - -
Net income 2022 123 M - -
Net cash 2022 475 M - -
P/E ratio 2022 40,2x
Yield 2022 -
Capitalization 5 002 M 5 002 M -
EV / Sales 2022 10,8x
EV / Sales 2023 6,84x
Nbr of Employees 712
Free-Float 49,6%
Chart DLOCAL LIMITED
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DLocal Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends DLOCAL LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 16,51 $
Average target price 22,60 $
Spread / Average Target 36,9%
EPS Revisions
Managers and Directors
Sebastißn Kanovich Chief Executive Officer & Director
Jacobo Singer President, Chief Operating Officer & Director
Diego Cabrera Canay Chief Financial Officer
Alberto Eduardo Azar Chairman
Alberto Almeida Chief Technology Officer
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