Truist Financial Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO) had its price target hoisted by Truist Financial from $15.00 to $17.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently issued reports on DLO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research report on Friday, July 17th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of DLocal in a report on Thursday, April 30th. Finally, Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DLocal currently has an average rating of “Buy” and a consensus price target of $17.50.

DLocal Trading Up 2.9%

Shares of DLO opened at $14.49 on Friday. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.00 and a beta of 0.97. The firm’s fifty day simple moving average is $13.05 and its 200-day simple moving average is $13.07. DLocal has a twelve month low of $9.81 and a twelve month high of $16.78.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company’s revenue was up 54.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, analysts predict that DLocal will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sebastian Kanovich sold 1,000,000 shares of DLocal stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the sale, the director owned 1,000,000 shares in the company, valued at approximately $14,630,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett bought 20,000 shares of DLocal stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the acquisition, the director directly owned 108,043 shares in the company, valued at approximately $1,280,309.55. The trade was a 22.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 45.44% of the company’s stock.

Institutional Investors Weigh In On DLocal

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after acquiring an additional 975 shares during the last quarter. IFP Advisors Inc purchased a new stake in DLocal in the 3rd quarter valued at $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in DLocal during the 4th quarter worth $40,000. Banque Cantonale Vaudoise acquired a new stake in DLocal during the 1st quarter worth $42,000. Finally, Kestra Advisory Services LLC purchased a new position in DLocal during the 4th quarter worth $95,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.