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

DLocal Limited (NASDAQ:DLO) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.94.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after buying an additional 1,797 shares during the period. Activest Wealth Management grew its stake in shares of DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after acquiring an additional 2,656 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of DLocal during the fourth quarter worth about $55,000. R Squared Ltd acquired a new position in shares of DLocal in the fourth quarter worth about $82,000. Finally, Virtu Financial LLC purchased a new position in DLocal in the fourth quarter valued at about $142,000. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Price Performance

DLO opened at $9.12 on Friday. DLocal has a 1 year low of $6.57 and a 1 year high of $16.79. The company’s 50 day simple moving average is $11.68 and its 200 day simple moving average is $10.46. The stock has a market capitalization of $2.70 billion, a PE ratio of 22.80, a P/E/G ratio of 3.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The company 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%. As a group, sell-side analysts expect that DLocal will post 0.47 EPS for the current 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.