DLocal (NASDAQ:DLO) Price Target Lowered to $15.00 at Truist Financial

DLocal (NASDAQ:DLO) had its target price decreased by Truist Financial from $17.00 to $15.00 in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Wednesday, January 21st. Finally, Itau BBA Securities initiated coverage on shares of DLocal in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price objective on the stock. One investment 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. According to data from MarketBeat.com, DLocal currently has an average rating of “Moderate Buy” and an average target price of $17.00.

DLocal Price Performance

Shares of NASDAQ DLO opened at $11.73 on Tuesday. The stock has a market cap of $3.67 billion, a P/E ratio of 20.95 and a beta of 1.14. DLocal has a twelve month low of $7.61 and a twelve month high of $16.78. The stock has a 50 day moving average of $13.04 and a two-hundred day moving average of $13.76. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cria Inc. purchased a new position in DLocal during the 4th quarter valued at about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new stake in shares of DLocal in the fourth quarter valued at about $54,128,000. Marshall Wace LLP lifted its holdings in shares of DLocal by 18.9% in the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company’s stock valued at $51,792,000 after purchasing an additional 582,718 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of DLocal by 12.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock valued at $42,373,000 after purchasing an additional 326,537 shares during the last quarter. Finally, Paradice Investment Management LLC grew its position in shares of DLocal by 93.5% in the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock valued at $27,479,000 after purchasing an additional 938,938 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

About DLocal

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.