DLocal Limited (NASDAQ:DLO) Receives $12.45 Consensus PT from Analysts

DLocal Limited (NASDAQ:DLO) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.45.

A number of equities analysts have recently commented on DLO shares. Truist Financial started coverage on shares of DLocal in a research note on Monday, June 2nd. They issued a “hold” rating and a $12.00 target price on the stock. Susquehanna raised their target price on DLocal from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, May 15th. Finally, Citigroup initiated coverage on shares of DLocal in a research report on Tuesday, May 27th. They issued a “buy” rating and a $14.60 price objective for the company.

DLocal Price Performance

DLO stock opened at $10.88 on Thursday. The stock’s 50 day moving average price is $10.87 and its 200 day moving average price is $10.60. The firm has a market cap of $3.11 billion, a P/E ratio of 22.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 1.65. DLocal has a 1 year low of $6.57 and a 1 year high of $14.26.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. On average, sell-side analysts expect that DLocal will post 0.47 earnings per share for the current fiscal year.

DLocal Announces Dividend

The business also recently announced a — dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.5251 per share. The ex-dividend date was Tuesday, May 27th.

Institutional Trading of DLocal

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in 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 purchasing an additional 1,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of DLocal by 603.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company’s stock valued at $34,000 after acquiring an additional 3,477 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of DLocal in the 4th quarter valued at approximately $55,000. Caption Management LLC raised its stake in DLocal by 164.7% during the first quarter. Caption Management LLC now owns 11,249 shares of the company’s stock worth $94,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of DLocal during the 4th quarter worth about $142,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.