Analysts Set DLocal Limited (NASDAQ:DLO) Price Target at $12.50

DLocal Limited (NASDAQ:DLO) has been given an average rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.50.

A number of brokerages have recently commented on DLO. Susquehanna cut their price target on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a 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. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $9.00 in a research note on Thursday, June 20th. The Goldman Sachs Group downgraded shares of DLocal from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 26th. Finally, Barclays cut their target price on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th.

DLocal Price Performance

Shares of DLO stock opened at $9.00 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal has a 12-month low of $6.57 and a 12-month high of $19.45. The firm has a fifty day moving average of $8.51 and a 200-day moving average of $9.78. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 4.26 and a beta of 0.76.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The firm had revenue of $171.30 million for the quarter, compared to the consensus estimate of $203.18 million. During the same period last year, the company posted $0.15 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that DLocal will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP raised its position in DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of DLocal in the 1st quarter worth approximately $152,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of DLocal during the first quarter worth $218,000. Krane Funds Advisors LLC bought a new position in DLocal during the second quarter worth $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in DLocal by 24.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after buying an additional 3,101 shares during the period. 90.13% of the stock is currently owned by institutional investors.

DLocal Company 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.