DLocal (NASDAQ:DLO) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of DLocal (NASDAQ:DLO) from a strong-buy rating to a buy rating in a report issued on Monday.

A number of other analysts also recently issued reports on the company. UBS Group reissued a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. HSBC raised DLocal from a “hold” rating to a “buy” rating and raised their price target for the stock from $11.50 to $15.00 in a report on Thursday, August 14th. Hsbc Global Res raised DLocal from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. Citigroup raised their price target on DLocal from $14.60 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Morgan Stanley set a $15.00 price target on DLocal in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

DLocal Stock Performance

Shares of DLO opened at $14.60 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 30.42 and a beta of 1.13. The stock has a 50 day moving average of $12.93 and a 200 day moving average of $10.91. DLocal has a 12 month low of $7.61 and a 12 month high of $16.44.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The company had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. During the same period last year, the business posted $0.15 earnings per share. DLocal’s revenue was up 49.7% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that DLocal will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in DLocal by 64.0% during the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock worth $30,436,000 after purchasing an additional 1,047,692 shares during the last quarter. Fourth Sail Capital LP lifted its stake in DLocal by 33.7% during the second quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company’s stock worth $17,539,000 after purchasing an additional 390,270 shares during the last quarter. Tikvah Management LLC lifted its stake in DLocal by 16.9% during the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company’s stock worth $8,795,000 after purchasing an additional 152,699 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in DLocal by 4.1% during the first 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 last quarter. Finally, Ameriprise Financial Inc. lifted its stake in DLocal by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 563,990 shares of the company’s stock worth $6,396,000 after purchasing an additional 36,319 shares during the last quarter. Institutional investors 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.