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

DLocal Limited (NASDAQ:DLO) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $11.31.

A number of equities research analysts recently commented on the company. Susquehanna increased their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. Barclays dropped their target price on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group raised their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after acquiring an additional 1,797 shares during the period. Activest Wealth Management grew its position in shares of DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake 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 in the last quarter. Parvin Asset Management LLC acquired a new stake in DLocal during the 4th quarter worth approximately $55,000. Finally, R Squared Ltd bought a new stake in shares of DLocal during the fourth quarter worth $82,000. 90.13% of the stock is owned by institutional investors.

DLocal Stock Performance

NASDAQ DLO opened at $8.84 on Friday. DLocal has a twelve month low of $6.57 and a twelve month high of $14.45. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.52 billion, a P/E ratio of 22.10, a PEG ratio of 3.09 and a beta of 0.97. The company’s 50-day simple moving average is $8.96 and its 200 day simple moving average is $10.50.

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

About DLocal

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.