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

DLocal (NASDAQ:DLOGet Rating) had its price objective lowered by investment analysts at Citigroup from $31.00 to $26.00 in a research note issued on Thursday, The Fly reports. Citigroup’s target price points to a potential upside of 17.12% from the stock’s current price.

Several other equities analysts have also commented on DLO. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $69.00 to $44.00 in a report on Thursday, February 10th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of DLocal from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, May 5th. The Goldman Sachs Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $64.00 to $55.00 in a report on Wednesday, January 26th. New Street Research upgraded shares of DLocal from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, May 9th. Finally, Sumitomo Mitsui Financial Group initiated coverage on shares of DLocal in a report on Thursday, January 27th. They set a “neutral” rating and a $32.00 target price on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $43.58.

Shares of DLO stock opened at $22.20 on Thursday. The firm’s 50 day moving average price is $26.63 and its 200-day moving average price is $31.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.77 and a current ratio of 1.77. DLocal has a one year low of $15.19 and a one year high of $73.43. The firm has a market cap of $6.55 billion and a P/E ratio of 79.29.

DLocal (NASDAQ:DLOGet Rating) last issued its quarterly earnings data on Tuesday, May 17th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. DLocal had a net margin of 31.90% and a return on equity of 35.51%. The firm had revenue of $87.50 million for the quarter, compared to analyst estimates of $82.56 million. DLocal’s quarterly revenue was up 117.1% on a year-over-year basis. As a group, research analysts predict that DLocal will post 0.43 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in shares of DLocal in the 3rd quarter valued at approximately $30,000. First Mercantile Trust Co. grew its position in shares of DLocal by 30.5% in the 3rd quarter. First Mercantile Trust Co. now owns 2,632 shares of the company’s stock valued at $144,000 after buying an additional 615 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of DLocal by 0.7% in the 1st quarter. Allianz Asset Management GmbH now owns 96,283 shares of the company’s stock valued at $3,010,000 after buying an additional 711 shares during the last quarter. Geode Capital Management LLC grew its position in shares of DLocal by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 107,846 shares of the company’s stock valued at $3,849,000 after buying an additional 748 shares during the last quarter. Finally, Royal Bank of Canada purchased a new position in shares of DLocal in the 2nd quarter valued at $53,000. 93.26% of the stock is currently owned by institutional investors.

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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