DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Hold” from Brokerages

DLocal Limited (NASDAQ:DLO) has received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.50.

DLO has been the subject of a number of research reports. Barclays reduced their price objective on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Susquehanna reduced their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. The Goldman Sachs Group downgraded shares of DLocal from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $16.00 to $8.00 in a report on Wednesday, June 26th. Finally, Bank of America upped their target price on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, August 15th.

DLocal Stock Performance

Shares of DLO stock opened at $8.83 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $8.56 and a 200-day moving average price of $9.60. DLocal has a 52 week low of $6.57 and a 52 week high of $19.45. The firm has a market capitalization of $2.61 billion, a PE ratio of 20.07, a P/E/G ratio of 4.26 and a beta of 0.76.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, equities research analysts expect that DLocal will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Institutional investors have recently modified their holdings of the stock. Quarry LP boosted its stake in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares during the period. Ridgewood Investments LLC purchased a new position in shares of DLocal during the first quarter valued at approximately $152,000. B. Riley Wealth Advisors Inc. bought a new position in shares of DLocal during the first quarter valued at approximately $218,000. Krane Funds Advisors LLC purchased a new stake in shares of DLocal in the second quarter worth approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after acquiring an additional 3,101 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

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.