Analysts Set DLocal Limited (NASDAQ:DLO) Target Price at $12.61

DLocal Limited (NASDAQ:DLO) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.61.

DLO has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Bank of America raised their price target on DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Finally, Susquehanna cut their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th.

DLocal Trading Up 5.4 %

NASDAQ:DLO opened at $11.87 on Wednesday. DLocal has a one year low of $6.57 and a one year high of $18.76. The business has a fifty day moving average price of $9.48 and a 200-day moving average price of $8.65. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 3.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 earnings per share. Sell-side analysts forecast that DLocal will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

Several institutional investors have recently bought and sold shares of the business. Quarry LP raised its position in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in DLocal during the third quarter valued at approximately $109,000. Ridgewood Investments LLC lifted its stake in shares of DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after purchasing an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of DLocal in the 1st quarter valued at approximately $218,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of DLocal in the 2nd quarter worth approximately $122,000. Institutional investors own 90.13% of the company’s stock.

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.