DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Hold” from Analysts

DLocal Limited (NASDAQ:DLO) has earned an average rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.81.

Several equities analysts have commented on the stock. Barclays raised their price target on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Susquehanna raised their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the period. Activest Wealth Management boosted its position in shares of DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC acquired a new stake in DLocal during the 4th quarter worth approximately $55,000. R Squared Ltd acquired a new stake in DLocal during the 4th quarter worth approximately $82,000. Finally, International Assets Investment Management LLC acquired a new stake in DLocal during the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of DLO stock opened at $13.39 on Monday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a 52 week low of $6.57 and a 52 week high of $18.27. The stock has a market capitalization of $3.96 billion, a PE ratio of 33.48, a P/E/G ratio of 3.17 and a beta of 0.90. The firm has a 50 day moving average of $12.04 and a two-hundred day moving average of $10.04.

About DLocal

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.