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

DLocal (NASDAQ:DLO) had its price objective increased by equities research analysts at Barclays from $8.00 to $9.00 in a research report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 16.67% from the company’s current price.

A number of other brokerages also recently issued reports on DLO. Bank of America raised their price target on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Susquehanna cut their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.61.

DLocal Stock Performance

Shares of DLO stock opened at $10.80 on Monday. DLocal has a one year low of $6.57 and a one year high of $19.45. The company’s 50-day moving average is $8.79 and its 200 day moving average is $8.70. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. DLocal’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS. Sell-side analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of institutional investors have recently bought and sold shares of the business. Quarry LP increased its holdings 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 purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of DLocal during the 3rd quarter valued at approximately $109,000. Ridgewood Investments LLC increased its holdings in shares of DLocal by 31.8% during 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 in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of DLocal during the 2nd quarter valued at approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after purchasing an additional 3,101 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other 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.