DLocal Limited (NASDAQ:DLO) Receives $11.94 Average Target Price from Analysts

DLocal Limited (NASDAQ:DLO) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. Seven equities research 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.

DLO has been the topic of several research reports. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna raised their target price on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays decreased their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, 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 report on Friday, February 28th.

DLocal Stock Up 4.7 %

Shares of DLO stock opened at $8.62 on Friday. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $11.78 and a 200-day moving average of $10.45. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 3.09 and a beta of 0.96.

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

Hedge Funds Weigh In On DLocal

Institutional investors have recently bought and sold shares of the business. Azora Capital LP bought a new position in shares of DLocal during the 4th quarter worth approximately $37,144,000. Canada Pension Plan Investment Board acquired a new stake in DLocal during the 4th quarter valued at $25,099,000. Baillie Gifford & Co. boosted its position in DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after purchasing an additional 1,360,183 shares during the period. J. Goldman & Co LP increased its holdings in shares of DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of DLocal in the fourth quarter valued at about $5,720,000. 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.