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

DLocal Limited (NASDAQ:DLO) has received an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $11.94.

Several research firms recently issued reports on DLO. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Susquehanna raised their price target on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays lowered their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th.

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently made changes to their positions in DLO. Aigen Investment Management LP acquired a new position in shares of DLocal in the 3rd quarter valued at $152,000. Empowered Funds LLC raised its stake in shares of DLocal by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock valued at $379,000 after acquiring an additional 2,989 shares during the period. Penserra Capital Management LLC raised its holdings in shares of DLocal by 5.3% during the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock valued at $994,000 after buying an additional 6,220 shares during the period. PEAK6 Investments LLC acquired a new position in shares of DLocal during the third quarter worth $488,000. Finally, PDT Partners LLC grew its stake in shares of DLocal by 1,430.1% during the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Trading Down 3.4 %

Shares of DLO opened at $8.23 on Friday. The firm’s fifty day moving average is $11.83 and its two-hundred day moving average is $10.43. The stock has a market cap of $2.44 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. 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 released its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. Research analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal year.

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.