DLocal (NASDAQ:DLO) Price Target Raised to $8.00 at Bank of America

DLocal (NASDAQ:DLO) had its target price lifted by equities researchers at Bank of America from $7.50 to $8.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price suggests a potential downside of 0.74% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DLO. UBS Group raised shares of DLocal from a “sell” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $9.00 in a report on Thursday, June 20th. The Goldman Sachs Group cut shares of DLocal from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, June 26th. Citigroup decreased their target price on DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. Barclays decreased their price objective on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Finally, Susquehanna dropped their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.50.

DLocal Stock Performance

DLO stock traded up $0.30 during mid-day trading on Thursday, hitting $8.06. The company had a trading volume of 2,612,636 shares, compared to its average volume of 1,698,132. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $2.39 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.74. DLocal has a 12 month low of $6.57 and a 12 month high of $24.22. The stock’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $12.24.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The company had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. DLocal had a return on equity of 35.20% and a net margin of 18.83%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 EPS. On average, analysts forecast that DLocal will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently made changes to their positions in the business. Duality Advisers LP purchased a new stake in DLocal during the fourth quarter valued at about $540,000. Fourth Sail Capital LP bought a new stake in DLocal in the fourth quarter valued at approximately $14,783,000. Pertento Partners LLP boosted its stake in shares of DLocal by 14.2% during the fourth quarter. Pertento Partners LLP now owns 1,146,862 shares of the company’s stock valued at $20,288,000 after purchasing an additional 142,864 shares during the period. Thornburg Investment Management Inc. grew its holdings in shares of DLocal by 97.0% in the fourth quarter. Thornburg Investment Management Inc. now owns 375,575 shares of the company’s stock worth $6,644,000 after purchasing an additional 184,923 shares during the last quarter. Finally, Zevenbergen Capital Investments LLC increased its stake in shares of DLocal by 58.1% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 1,244,447 shares of the company’s stock worth $22,014,000 after buying an additional 457,122 shares during the period. Institutional investors own 90.13% of the company’s stock.

About DLocal

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.