Truist Financial Raises DLocal (NASDAQ:DLO) Price Target to $18.00

Key Points

• Truist Financial raised DLocal’s price target to $18 from $17 while maintaining a “buy” rating, implying 17.19% potential upside. Analysts collectively rate the stock “Moderate Buy,” with an average target of $18.83.
• DLocal reported quarterly revenue of $399.66 million, up 55.9% year over year and above analyst expectations, while earnings per share matched estimates at $0.18.
• Insider activity was mixed: a director sold 1 million shares worth $14.63 million, while another director bought 20,000 shares. Institutional investors own approximately 90.13% of DLocal’s stock.

DLocal (NASDAQ:DLO - Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $17.00 to $18.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 17.19% from the company's current price.

A number of other equities analysts have also weighed in on DLO. Weiss Ratings raised shares of DLocal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 17th. Wall Street Zen lowered shares of DLocal from a "buy" rating to a "hold" rating in a research report on Monday, May 18th. UBS Group raised shares of DLocal from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $16.00 to $20.00 in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group boosted their price target on DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.83.

DLocal Trading Down 1.1%

Shares of DLO stock opened at $15.36 on Thursday. The firm has a 50-day moving average price of $14.33 and a 200 day moving average price of $13.15. DLocal has a twelve month low of $10.64 and a twelve month high of $16.78. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 22.93 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The company had revenue of $399.66 million for the quarter, compared to analysts' expectations of $366.77 million. During the same period last year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 55.9% compared to the same quarter last year. As a group, research analysts predict that DLocal will post 0.82 earnings per share for the current year.

Insider Transactions at DLocal

In other news, Director Sebastian Kanovich sold 1,000,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the completion of the sale, the director owned 1,000,000 shares in the company, valued at approximately $14,630,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett bought 20,000 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were acquired at an average cost of $11.85 per share, with a total value of $237,000.00. Following the transaction, the director owned 108,043 shares in the company, valued at approximately $1,280,309.55. This represents a 22.72% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 1,103,153 shares of company stock worth $16,231,782. Company insiders own 45.44% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hussman Strategic Advisors Inc. acquired a new stake in shares of DLocal in the fourth quarter valued at about $2,969,000. Hsbc Holdings PLC acquired a new position in DLocal during the 1st quarter worth approximately $18,037,000. Maxi Investments CY Ltd lifted its position in DLocal by 92.0% during the 4th quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company's stock worth $2,361,000 after acquiring an additional 80,000 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in DLocal by 18.6% in the 4th quarter. BNP Paribas Financial Markets now owns 592,833 shares of the company's stock worth $8,383,000 after acquiring an additional 93,110 shares during the period. Finally, Empowered Funds LLC acquired a new stake in DLocal in the first quarter valued at approximately $1,324,000. 90.13% of the stock is owned by institutional investors and hedge funds.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

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