DLocal (NASDAQ:DLO) Downgraded to “Hold” Rating by Wall Street Zen

DLocal (NASDAQ:DLO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also commented on DLO. JPMorgan Chase & Co. decreased their price target on DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Itau BBA Securities assumed coverage on DLocal in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Wednesday, January 21st. Finally, Truist Financial lowered their target price on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DLocal has an average rating of “Moderate Buy” and an average target price of $17.00.

DLocal Stock Down 0.7%

Shares of DLO stock opened at $12.27 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 19.17 and a beta of 1.14. DLocal has a 12-month low of $7.61 and a 12-month high of $16.78. The firm has a 50-day moving average price of $12.72 and a 200 day moving average price of $13.68.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $337.89 million for the quarter, compared to analysts’ expectations of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. During the same period in the prior year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 65.2% compared to the same quarter last year. As a group, research analysts expect that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLO. Caitong International Asset Management Co. Ltd boosted its position in DLocal by 114.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after buying an additional 975 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. bought a new stake in shares of DLocal during the fourth quarter worth $27,064,000. Vident Advisory LLC lifted its stake in shares of DLocal by 9.0% during the fourth quarter. Vident Advisory LLC now owns 25,943 shares of the company’s stock valued at $367,000 after acquiring an additional 2,142 shares during the period. SummitTX Capital L.P. acquired a new position in shares of DLocal during the fourth quarter valued at $387,000. Finally, Azora Capital LP bought a new position in DLocal in the fourth quarter valued at about $21,888,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.