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

DLocal Limited (NASDAQ:DLO) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $12.45.

Several research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of DLocal from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, May 15th. Truist Financial initiated coverage on shares of DLocal in a research report on Monday, June 2nd. They issued a “hold” rating and a $12.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of DLocal in a research report on Tuesday, May 27th. They issued a “buy” rating and a $14.60 price objective on the stock.

DLocal Trading Up 3.8%

Shares of NASDAQ DLO opened at $11.18 on Thursday. DLocal has a 1-year low of $6.57 and a 1-year high of $14.26. The company has a 50-day moving average of $10.93 and a two-hundred day moving average of $10.59. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.19 billion, a PE ratio of 22.82 and a beta of 1.11.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $216.76 million during the quarter, compared to analysts’ expectations of $213.52 million. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts expect that DLocal will post 0.47 earnings per share for the current fiscal year.

DLocal Announces Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were given a dividend of $0.5251 per share. The ex-dividend date of this dividend was Tuesday, May 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of DLocal by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after purchasing an additional 22,803 shares during the period. Empowered Funds LLC increased its stake in shares of DLocal by 2.7% in the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after acquiring an additional 1,281 shares in the last quarter. Royal Bank of Canada increased its stake in shares of DLocal by 562.7% in the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after acquiring an additional 41,324 shares in the last quarter. Caption Management LLC increased its stake in shares of DLocal by 164.7% in the 1st quarter. Caption Management LLC now owns 11,249 shares of the company’s stock valued at $94,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Tikvah Management LLC increased its stake in shares of DLocal by 16.9% in the 1st quarter. Tikvah Management LLC now owns 1,054,499 shares of the company’s stock valued at $8,795,000 after acquiring an additional 152,699 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.