DLocal Limited (NASDAQ:DLO – Get Free Report) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $12.50.
DLO has been the topic of a number of recent research reports. The Goldman Sachs Group cut DLocal from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $8.00 in a report on Wednesday, June 26th. Barclays decreased their price objective on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Susquehanna cut their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research note on Thursday, August 15th. Finally, Bank of America raised their target price on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th.
Hedge Funds Weigh In On DLocal
DLocal Stock Down 3.1 %
DLO stock opened at $8.72 on Tuesday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 4.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50. The business’s 50-day moving average is $8.53 and its two-hundred day moving average is $9.69. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $19.45.
DLocal (NASDAQ:DLO – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, analysts forecast that DLocal will post 0.42 earnings per share 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.
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