DLocal (NASDAQ:DLO) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of DLocal (NASDAQ:DLO) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $14.60 price objective on the stock.

Several other equities analysts have also issued reports on the company. The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Susquehanna boosted their price target on DLocal from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, May 15th. Barclays lowered their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Morgan Stanley restated 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. Finally, JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.08.

DLocal Trading Down 1.5%

DLocal stock opened at $11.09 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The business’s 50-day simple moving average is $9.33 and its 200-day simple moving average is $10.69. The firm has a market capitalization of $3.17 billion, a PE ratio of 27.73, a PEG ratio of 3.09 and a beta of 0.97. DLocal has a 52 week low of $6.57 and a 52 week high of $14.26.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $216.76 million for the quarter, compared to analyst estimates of $213.52 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts forecast that DLocal will post 0.47 earnings per share for the current year.

DLocal Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be issued a dividend of $0.5251 per share. The ex-dividend date is Tuesday, May 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after acquiring an additional 1,797 shares in the last quarter. Activest Wealth Management boosted its holdings 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 worth $30,000 after acquiring an additional 2,656 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of DLocal by 603.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company’s stock worth $34,000 after acquiring an additional 3,477 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of DLocal in the 4th quarter worth approximately $55,000. Finally, R Squared Ltd acquired a new position in shares of DLocal in the 4th quarter worth approximately $82,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.