Analysts Set DLocal Limited (NASDAQ:DLO) Price Target at $17.00

Shares of DLocal Limited (NASDAQ:DLO) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.00.

A number of equities research analysts have weighed in on DLO shares. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Wall Street Zen raised DLocal from a “hold” rating to a “buy” rating in a research note on Sunday, April 5th. Finally, Truist Financial decreased 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.

Hedge Funds Weigh In On DLocal

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of DLocal by 2,144.7% in the third quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock valued at $3,904,000 after buying an additional 261,220 shares in the last quarter. Schwartz Investment Counsel Inc. bought a new position in shares of DLocal in the third quarter valued at $2,959,000. Proem Advisors LLC increased its holdings in shares of DLocal by 83.5% in the third quarter. Proem Advisors LLC now owns 575,000 shares of the company’s stock valued at $8,211,000 after buying an additional 261,702 shares in the last quarter. Paradice Investment Management LLC bought a new position in shares of DLocal in the third quarter valued at $14,343,000. Finally, Quantbot Technologies LP increased its holdings in shares of DLocal by 919.5% in the third quarter. Quantbot Technologies LP now owns 228,439 shares of the company’s stock valued at $3,262,000 after buying an additional 206,032 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of DLO opened at $13.53 on Friday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.14 and a beta of 1.06. DLocal has a one year low of $8.61 and a one year high of $16.78. The stock’s fifty day moving average is $12.51 and its 200-day moving average is $13.53.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $337.89 million for the quarter, compared to the consensus estimate of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. DLocal’s revenue was up 65.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Analysts forecast that DLocal will post 0.85 EPS for the current fiscal year.

DLocal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be paid a $0.1939 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 5.7%.

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.