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

DLocal Limited (NASDAQ:DLO) has received a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.31.

A number of equities analysts have recently commented on DLO shares. Susquehanna lifted their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group raised 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. Barclays lowered their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Morgan Stanley reissued 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vident Advisory LLC increased its position in shares of DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after purchasing an additional 929 shares in the last quarter. Mariner LLC increased its position in DLocal by 6.0% during the 4th quarter. Mariner LLC now owns 24,257 shares of the company’s stock valued at $273,000 after buying an additional 1,365 shares in the last quarter. Lane Generational LLC raised its stake in DLocal by 0.4% in the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock valued at $4,642,000 after buying an additional 1,717 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of DLocal by 1.8% during the first quarter. Penserra Capital Management LLC now owns 118,752 shares of the company’s stock worth $990,000 after acquiring an additional 2,078 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

DLO opened at $9.21 on Friday. The business has a fifty day moving average of $8.83 and a 200 day moving average of $10.47. The stock has a market cap of $2.63 billion, a P/E ratio of 23.03, a PEG ratio of 3.09 and a beta of 0.97. 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 $14.26.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. As a group, sell-side analysts anticipate that DLocal will post 0.47 EPS for the current 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.