DLocal (NASDAQ:DLO) Price Target Lowered to $26.00 at Citigroup

DLocal (NASDAQ:DLOGet Rating) had its target price lowered by Citigroup from $31.00 to $26.00 in a research note issued to investors on Thursday morning, The Fly reports.

Several other research analysts also recently issued reports on DLO. New Street Research raised shares of DLocal from a neutral rating to a buy rating and set a $38.00 price objective on the stock in a research report on Monday, May 9th. The Goldman Sachs Group raised shares of DLocal from a neutral rating to a buy rating and lowered their price objective for the stock from $64.00 to $55.00 in a research report on Wednesday, January 26th. Piper Sandler began coverage on shares of DLocal in a research report on Wednesday, April 13th. They set an overweight rating and a $34.00 price objective on the stock. Zacks Investment Research raised shares of DLocal from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research report on Thursday, May 5th. Finally, Sumitomo Mitsui Financial Group assumed coverage on shares of DLocal in a research note on Thursday, January 27th. They issued a neutral rating and a $32.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $43.58.

NASDAQ DLO opened at $22.20 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.77. The firm’s fifty day moving average price is $26.63 and its 200 day moving average price is $31.31. The company has a market capitalization of $6.55 billion and a price-to-earnings ratio of 79.29. DLocal has a 12 month low of $15.19 and a 12 month high of $73.43.

DLocal (NASDAQ:DLOGet Rating) last posted its earnings results on Tuesday, May 17th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $87.50 million for the quarter, compared to the consensus estimate of $82.56 million. DLocal had a net margin of 31.90% and a return on equity of 35.51%. The firm’s revenue for the quarter was up 117.1% compared to the same quarter last year. As a group, sell-side analysts forecast that DLocal will post 0.43 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in DLO. Altshuler Shaham Ltd acquired a new stake in shares of DLocal in the third quarter valued at about $30,000. Nkcfo LLC acquired a new stake in shares of DLocal in the first quarter valued at about $44,000. BDO Wealth Advisors LLC acquired a new stake in shares of DLocal in the first quarter valued at about $50,000. Royal Bank of Canada acquired a new stake in shares of DLocal in the second quarter valued at about $53,000. Finally, Advisor Group Holdings Inc. increased its holdings in DLocal by 1,092.5% during the 3rd quarter. Advisor Group Holdings Inc. now owns 1,276 shares of the company’s stock valued at $68,000 after acquiring an additional 1,169 shares in the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

About DLocal (Get Rating)

DLocal Limited operates a payments platform worldwide. Its platform enables enterprise merchants to connect with consumers in emerging markets, accept payments, send payouts, and settle funds. The company serves customers in various industries, such as SaaS, shared economy and marketplaces, online retail, digital media, financial services, and travel and tourism.

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