DLocal (NASDAQ:DLO) Given New $9.00 Price Target at Barclays

DLocal (NASDAQ:DLO) had its price target cut by Barclays from $10.00 to $9.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

DLO has been the topic of several other reports. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research report on Friday. Finally, Susquehanna boosted their price objective 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. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Price Performance

Shares of DLO stock opened at $9.77 on Monday. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. 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 fifty day moving average of $12.24 and a 200-day moving average of $10.43.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $204.49 million for the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. On average, equities research analysts forecast that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vident Advisory LLC increased its stake in shares of DLocal by 6.3% during the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after purchasing an additional 929 shares during the last quarter. Mariner LLC increased its stake in shares of DLocal by 6.0% during the 4th quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the last quarter. Lane Generational LLC increased its stake in shares of DLocal by 0.4% during the 4th quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after purchasing an additional 1,717 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares during the last quarter. Finally, Activest Wealth Management increased its stake in shares of DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after purchasing an additional 2,656 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.