Brokerages Set DLocal Limited (NASDAQ:DLO) Price Target at $12.50

DLocal Limited (NASDAQ:DLO) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.50.

A number of research firms recently weighed in on DLO. Barclays dropped their price target on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their target price on DLocal from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, May 29th. Bank of America upped their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. The Goldman Sachs Group cut shares of DLocal from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Wednesday, June 26th. Finally, UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $9.00 in a research report on Thursday, June 20th.

DLocal Stock Down 0.7 %

DLO opened at $8.92 on Monday. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 4.13 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s 50-day simple moving average is $7.98 and its 200-day simple moving average is $11.54. DLocal has a twelve month low of $6.57 and a twelve month high of $23.00.

DLocal (NASDAQ:DLO) last issued 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. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The firm had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $203.18 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that DLocal will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP grew its holdings in 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 acquiring an additional 3,599 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in DLocal by 24.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock valued at $78,000 after purchasing an additional 870 shares during the last quarter. Ridgewood Investments LLC bought a new position in DLocal during the first quarter worth about $152,000. Newfoundland Capital Management bought a new position in DLocal during the fourth quarter worth about $212,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of DLocal during the 1st quarter worth about $218,000. 90.13% of the stock is owned by institutional investors.

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.