DLocal (NASDAQ:DLO) Given New $16.00 Price Target at Susquehanna

DLocal (NASDAQ:DLO) had its price target boosted by investment analysts at Susquehanna from $14.00 to $16.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 23.79% from the company’s previous close.

Separately, Barclays lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.56.

DLocal Price Performance

DLocal stock traded up $0.29 during mid-day trading on Wednesday, hitting $12.93. The company’s stock had a trading volume of 182,025 shares, compared to its average volume of 675,525. The stock has a market capitalization of $3.83 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.88 and a beta of 0.87. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The stock’s fifty day moving average price is $11.55 and its two-hundred day moving average price is $9.55. 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 (NASDAQ:DLO) last announced its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. Research analysts forecast that DLocal will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP increased its stake in shares of DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after acquiring an additional 175,116 shares during the last quarter. PEAK6 Investments LLC acquired a new position in DLocal in the 3rd quarter worth about $488,000. Squarepoint Ops LLC purchased a new stake in shares of DLocal during the 2nd quarter worth about $157,000. Centiva Capital LP lifted its holdings in shares of DLocal by 317.8% during 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 last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Hedge funds and other 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.