DLocal Limited (NASDAQ:DLO – Get Free Report) traded down 8.9% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $10.00 to $9.00. Barclays currently has an equal weight rating on the stock. DLocal traded as low as $9.01 and last traded at $8.90. 322,274 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,305,053 shares. The stock had previously closed at $9.77.
Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Susquehanna upped their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.94.
Read Our Latest Stock Analysis on DLocal
Institutional Inflows and Outflows
DLocal Trading Down 3.5 %
The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The firm has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $10.44. 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 – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. On average, equities research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current fiscal year.
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.
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