DLocal Limited (NASDAQ:DLO) Given Average Recommendation of “Hold” by Analysts

DLocal Limited (NASDAQ:DLO) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.94.

A number of equities research analysts have recently weighed in on DLO shares. Susquehanna boosted their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, Barclays dropped their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd.

DLocal Price Performance

Shares of DLO stock opened at $9.12 on Friday. The firm has a fifty day moving average of $11.68 and a two-hundred day moving average of $10.46. The firm has a market cap of $2.70 billion, a P/E ratio of 22.80, a P/E/G ratio of 3.09 and a beta of 0.96. DLocal has a 1-year low of $6.57 and a 1-year high of $16.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. As a group, research analysts anticipate that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several large investors have recently made changes to their positions in the company. Baillie Gifford & Co. grew its holdings in DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after buying an additional 1,360,183 shares in the last quarter. PEAK6 Investments LLC bought a new position in shares of DLocal in the third quarter worth $488,000. JPMorgan Chase & Co. increased its holdings in shares of DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after purchasing an additional 280,607 shares during the period. Centiva Capital LP raised its stake in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after purchasing an additional 71,892 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in DLocal in the fourth quarter worth about $300,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.