DLocal (NASDAQ:DLO) Now Covered by Analysts at Truist Financial

Truist Financial started coverage on shares of DLocal (NASDAQ:DLO) in a report released on Monday, Marketbeat reports. The brokerage issued a hold rating and a $12.00 price target on the stock.

Several other brokerages also recently commented on DLO. Susquehanna raised their price target on shares of DLocal from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, May 15th. Citigroup began coverage on shares of DLocal in a report on Tuesday, May 27th. They issued a “buy” rating and a $14.60 price target for the company. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Barclays cut their price target on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.07.

DLocal Stock Down 2.0%

DLO opened at $10.64 on Monday. The company has a 50 day moving average of $9.44 and a 200 day moving average of $10.74. The company has a market cap of $3.04 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. DLocal has a 12 month low of $6.57 and a 12 month high of $14.26. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $216.76 million during the quarter, compared to the consensus estimate of $213.52 million. During the same period last year, the firm earned $0.06 EPS. DLocal’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts expect that DLocal will post 0.47 EPS for the current year.

DLocal Announces Dividend

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

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently made changes to their positions in DLO. Azora Capital LP purchased a new position in DLocal in the 4th quarter worth $37,144,000. Baillie Gifford & Co. raised its position in DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after purchasing an additional 1,360,183 shares during the period. Canada Pension Plan Investment Board purchased a new position in DLocal in the 4th quarter worth $25,099,000. J. Goldman & Co LP raised its position in DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock worth $15,214,000 after purchasing an additional 860,681 shares during the period. Finally, Tikvah Management LLC raised its position in DLocal by 16.9% in the 1st quarter. Tikvah Management LLC now owns 1,054,499 shares of the company’s stock worth $8,795,000 after purchasing an additional 152,699 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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.