DLocal Limited (NASDAQ:DLO) Receives $12.50 Consensus Target Price from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month 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 several analyst reports. Susquehanna dropped their target price on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Barclays lowered their price objective on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Bank of America lifted their target price on DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th.

DLocal Price Performance

DLO stock opened at $8.65 on Friday. DLocal has a 12-month low of $6.57 and a 12-month high of $19.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $8.61 and a 200-day moving average of $8.88. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 3.89 and a beta of 0.74.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. DLocal’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, equities analysts expect that DLocal will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several large investors have recently modified their holdings of the stock. Quarry LP lifted its position in shares of DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC acquired a new position in DLocal in the third quarter worth approximately $109,000. Ridgewood Investments LLC lifted its stake in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after acquiring an additional 3,293 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in DLocal in the second quarter valued at approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in shares of DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after purchasing an additional 3,101 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

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.