DLocal Limited (NASDAQ:DLO) Receives $15.67 Average Price Target from Brokerages

DLocal Limited (NASDAQ:DLO) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $15.6667.

A number of research analysts have recently issued reports on the company. Truist Financial set a $15.00 price target on DLocal in a report on Friday, October 24th. Morgan Stanley set a $15.00 target price on shares of DLocal in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of DLocal from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Wednesday, October 8th. Finally, Citigroup raised their target price on shares of DLocal from $14.60 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th.

Institutional Trading of DLocal

Several large investors have recently modified their holdings of the company. Marshall Wace LLP boosted its position in DLocal by 64.0% in the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock worth $30,436,000 after purchasing an additional 1,047,692 shares during the last quarter. Paradice Investment Management LLC bought a new position in shares of DLocal in the 3rd quarter worth approximately $14,343,000. Two Sigma Investments LP boosted its holdings in shares of DLocal by 131.6% in the third quarter. Two Sigma Investments LP now owns 1,732,140 shares of the company’s stock worth $24,735,000 after buying an additional 984,341 shares during the last quarter. Holocene Advisors LP boosted its holdings in shares of DLocal by 174.4% in the third quarter. Holocene Advisors LP now owns 1,349,365 shares of the company’s stock worth $19,269,000 after buying an additional 857,685 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in DLocal by 103.5% during the third quarter. Ameriprise Financial Inc. now owns 1,147,776 shares of the company’s stock valued at $16,390,000 after buying an additional 583,786 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Trading Up 2.6%

Shares of NASDAQ DLO opened at $12.64 on Wednesday. The firm’s 50 day moving average price is $14.42 and its 200-day moving average price is $12.55. DLocal has a 52-week low of $7.61 and a 52-week high of $16.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $3.95 billion, a PE ratio of 22.57 and a beta of 1.13.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 17.80% and a return on equity of 37.66%. The company had revenue of $282.48 million during the quarter, compared to analyst estimates of $260.78 million. During the same period in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was up 52.0% on a year-over-year basis. DLocal has set its FY 2025 guidance at EPS. On average, equities research analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

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.