DLocal (NASDAQ:DLO) Upgraded at Wall Street Zen

DLocal (NASDAQ:DLO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms also recently weighed in on DLO. Susquehanna boosted their price target on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, May 15th. Hsbc Global Res raised shares of DLocal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Citigroup started coverage on shares of DLocal in a research note on Tuesday, May 27th. They set a “buy” rating and a $14.60 price target for the company. Truist Financial boosted their price target on shares of DLocal from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, August 22nd. Finally, Morgan Stanley set a $15.00 price target on shares of DLocal in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.73.

DLocal Trading Up 4.5%

DLO opened at $13.42 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 27.96 and a beta of 1.13. The firm has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $10.65. DLocal has a fifty-two week low of $7.61 and a fifty-two week high of $16.44.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. DLocal had a net margin of 16.90% and a return on equity of 36.85%. DLocal’s revenue for the quarter was up 49.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that DLocal will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several large investors have recently bought and sold shares of the company. Marshall Wace LLP increased its stake in DLocal by 64.0% in the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock valued at $30,436,000 after purchasing an additional 1,047,692 shares in the last quarter. Fourth Sail Capital LP boosted its holdings in shares of DLocal by 33.7% in the second quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company’s stock valued at $17,539,000 after buying an additional 390,270 shares during the period. J. Goldman & Co LP boosted 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 buying an additional 860,681 shares during the period. Tikvah Management LLC boosted its holdings in shares of DLocal by 16.9% in the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company’s stock valued at $8,795,000 after buying an additional 152,699 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of DLocal by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock valued at $4,796,000 after buying an additional 22,803 shares during the period. Institutional investors own 90.13% of the company’s stock.

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.