DLocal (NASDAQ:DLO) Stock Price Expected to Rise, Barclays Analyst Says

DLocal (NASDAQ:DLO) had its target price increased by Barclays from $9.00 to $10.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential downside of 15.33% from the stock’s previous close.

DLocal Trading Up 1.9 %

Shares of DLO opened at $11.81 on Friday. The stock’s 50-day moving average price is $11.23 and its 200 day moving average price is $9.34. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.69 and a beta of 0.87. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million for 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%. DLocal’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. As a group, research analysts predict that DLocal will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently made changes to their positions in DLO. Sylebra Capital LLC bought a new position in shares of DLocal during the 2nd quarter worth approximately $13,565,000. Baillie Gifford & Co. raised its stake in DLocal by 0.8% during the third quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after acquiring an additional 9,340 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after acquiring an additional 387,762 shares during the period. State Street Corp boosted its stake in shares of DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after purchasing an additional 6,992 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of DLocal by 132.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after purchasing an additional 280,607 shares during the last quarter. 90.13% of the stock is 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.