DLocal Limited (NASDAQ:DLO) Stock Rated “Buy” by Sell-Side Analysts

DLocal Limited (NASDAQ:DLO) has received a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.20.

A number of research analysts have recently commented on the stock. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Truist Financial lifted their price objective on shares of DLocal from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 27th. The Goldman Sachs Group lifted their price objective on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of DLocal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.

DLocal Trading Down 2.8%

Shares of DLO stock traded down $0.43 on Friday, reaching $14.67. 2,289,656 shares of the company’s stock were exchanged, compared to its average volume of 1,737,722. The company’s fifty day simple moving average is $14.62 and its 200 day simple moving average is $13.76. DLocal has a 52 week low of $10.64 and a 52 week high of $16.15. The stock has a market capitalization of $4.33 billion, a PE ratio of 21.90 and a beta of 0.86.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. DLocal had a return on equity of 41.64% and a net margin of 15.04%. The company had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. During the same quarter in the prior year, the company posted $0.14 EPS. DLocal’s quarterly revenue was up 55.9% on a year-over-year basis. As a group, sell-side analysts predict that DLocal will post 0.81 earnings per share for the current fiscal year.

Insider Activity at DLocal

In other news, Director Sebastian Kanovich sold 72,753 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the transaction, the director directly owned 4,700 shares of the company’s stock, valued at approximately $73,038. This trade represents a 93.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 45.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC bought a new stake in DLocal during the 3rd quarter valued at $1,515,000. State of Alaska Department of Revenue bought a new position in shares of DLocal during the 3rd quarter worth $80,000. Tikvah Management LLC grew its position in shares of DLocal by 13.8% during the 2nd quarter. Tikvah Management LLC now owns 1,420,822 shares of the company’s stock worth $18,464,000 after buying an additional 172,500 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of DLocal by 536.3% during the second quarter. WINTON GROUP Ltd now owns 142,525 shares of the company’s stock valued at $1,852,000 after buying an additional 120,125 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of DLocal by 3.8% during the second quarter. Squarepoint Ops LLC now owns 54,199 shares of the company’s stock valued at $704,000 after buying an additional 1,988 shares during the period. Institutional investors own 90.13% of the company’s stock.

About DLocal

dLocal is a global payments technology company that provides businesses with access to consumers in emerging markets. Its platform enables international merchants to accept local payments, send funds, and manage cross-border transactions through a single integration, helping reduce the complexity of working with multiple payment methods, currencies, and financial systems.

The company’s services include pay-ins, which allow consumers to purchase goods and services using locally preferred payment methods, and payouts, which enable businesses to distribute funds to customers, workers, sellers, and other recipients.