DLocal Limited (NASDAQ:DLO) Receives $11.31 Average PT from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.31.

Separately, Barclays upped their price target on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th.

DLocal Price Performance

DLocal stock opened at $12.08 on Thursday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.88 and a beta of 0.87. The firm’s fifty day moving average is $11.48 and its 200 day moving average is $9.47. 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.

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

Hedge Funds Weigh In On DLocal

Several hedge funds and other institutional investors have recently modified their holdings of DLO. GSA Capital Partners LLP grew its stake in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares during the period. PEAK6 Investments LLC purchased a new position in shares of DLocal during the 3rd quarter worth $488,000. Squarepoint Ops LLC purchased a new position in shares of DLocal during the 2nd quarter worth $157,000. Centiva Capital LP raised its holdings in DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after buying an additional 71,892 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in DLocal by 132.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after buying an additional 280,607 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.