DLocal Limited (NASDAQ:DLO) Receives Consensus Rating of “Hold” from Analysts

Shares of DLocal Limited (NASDAQ:DLO) have received an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.38.

A number of research firms have issued reports on DLO. The Goldman Sachs Group lowered their target price on DLocal from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, March 20th. New Street Research upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $24.00 in a research note on Tuesday, January 9th. Citigroup assumed coverage on shares of DLocal in a research report on Friday. They issued a “neutral” rating and a $17.00 price target on the stock. Barclays cut their price objective on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. Finally, HSBC lowered their price target on DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, April 5th.

DLocal Trading Down 1.1 %

NASDAQ:DLO opened at $14.39 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $16.15 and its 200-day moving average is $17.08. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 29.37, a P/E/G ratio of 0.96 and a beta of 0.96. DLocal has a 12 month low of $9.04 and a 12 month high of $24.22.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $188.01 million for the quarter, compared to the consensus estimate of $169.85 million. DLocal had a net margin of 22.92% and a return on equity of 40.57%. Equities analysts anticipate that DLocal will post 0.59 EPS for the current year.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently added to or reduced their stakes in the stock. Fred Alger Management LLC boosted its stake in shares of DLocal by 0.3% in the 3rd quarter. Fred Alger Management LLC now owns 324,324 shares of the company’s stock valued at $6,217,000 after purchasing an additional 858 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in DLocal by 24.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after buying an additional 870 shares during the last quarter. Citigroup Inc. increased its holdings in shares of DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after buying an additional 1,378 shares in the last quarter. Renaissance Capital LLC raised its stake in shares of DLocal by 3.0% in the first quarter. Renaissance Capital LLC now owns 60,039 shares of the company’s stock valued at $883,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Pearl River Capital LLC boosted its holdings in shares of DLocal by 10.1% in the 3rd quarter. Pearl River Capital LLC now owns 75,327 shares of the company’s stock worth $1,444,000 after acquiring an additional 6,900 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

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.