DLocal Limited (NASDAQ:DLO) Receives $11.31 Consensus Target Price from Analysts

DLocal Limited (NASDAQ:DLO) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.31.

Several brokerages recently issued reports on DLO. Morgan Stanley reissued 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. Susquehanna boosted their price objective on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Barclays dropped their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd.

Institutional Investors Weigh In On DLocal

A number of large investors have recently made changes to their positions in the stock. 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 DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after purchasing an additional 2,656 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in DLocal by 603.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company’s stock worth $34,000 after purchasing an additional 3,477 shares during the period. Parvin Asset Management LLC acquired a new stake in DLocal in the 4th quarter valued at about $55,000. Finally, R Squared Ltd purchased a new position in shares of DLocal in the 4th quarter valued at about $82,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

Shares of DLO stock opened at $9.21 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average of $8.83 and a 200 day moving average of $10.47. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. DLocal has a 1 year low of $6.57 and a 1 year high of $14.26.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. As a group, research analysts expect that DLocal will post 0.47 earnings per share 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.