Analysts Set DLocal Limited (NASDAQ:DLO) Price Target at $18.38

DLocal Limited (NASDAQ:DLO) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.38.

A number of equities research analysts recently weighed in on DLO shares. The Goldman Sachs Group cut their price objective on shares of DLocal from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. JPMorgan Chase & Co. cut their price objective on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Susquehanna cut their price objective on shares of DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, March 19th. HSBC cut their price objective on shares of DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Finally, Citigroup initiated coverage on shares of DLocal in a research report on Friday, April 19th. They issued a “neutral” rating and a $17.00 price target on the stock.

Hedge Funds Weigh In On DLocal

A number of institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP increased its stake in DLocal by 9.6% in the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock worth $57,891,000 after purchasing an additional 345,746 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in DLocal during the 1st quarter valued at about $253,000. Fourth Sail Capital LP grew its stake in DLocal by 78.4% during the 1st quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock valued at $21,921,000 after acquiring an additional 655,548 shares in the last quarter. Ridgewood Investments LLC purchased a new position in DLocal during the 1st quarter valued at about $152,000. Finally, Renaissance Capital LLC grew its stake in DLocal by 3.0% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

DLO stock opened at $14.28 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 0.96 and a beta of 0.96. DLocal has a 1 year low of $9.04 and a 1 year high of $24.22. The stock’s fifty day moving average is $16.01 and its two-hundred day moving average is $17.01.

DLocal (NASDAQ:DLO) last posted its 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). DLocal had a net margin of 22.92% and a return on equity of 40.57%. The company had revenue of $188.01 million during the quarter, compared to the consensus estimate of $169.85 million. On average, research analysts predict that DLocal will post 0.59 EPS for the current year.

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.