DLocal Limited (NASDAQ:DLO) Stock Has Consensus Target Price of $19.00 According to Analysts

Key Points

• Analyst sentiment is moderately bullish: Five of six analysts rate DLocal a Buy and one recommends Hold, with an average 12-month price target of $19.
• Quarterly revenue exceeded expectations: DLocal reported $399.66 million in revenue versus a $366.77 million consensus estimate, up 55.9% year over year; earnings per share of $0.18 matched estimates.
• Recent analyst moves were mixed: Goldman Sachs raised its target to $19 and maintained a Buy rating, while Truist cut its target to $17 but kept its Buy rating; Weiss downgraded the stock to Hold.

DLocal Limited (NASDAQ:DLO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $19.00.

Several brokerages recently issued reports on DLO. Truist Financial reduced their target price on shares of DLocal from $18.00 to $17.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Weiss Ratings downgraded DLocal from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price objective on DLocal from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, July 31st.

DLocal Stock Performance

Shares of DLO opened at $13.18 on Wednesday. The stock has a 50-day moving average of $14.55 and a two-hundred day moving average of $13.54. DLocal has a one year low of $10.64 and a one year high of $16.15. The stock has a market cap of $3.89 billion, a P/E ratio of 19.67 and a beta of 0.95.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. DLocal had a return on equity of 41.64% and a net margin of 15.04%. The business had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company's quarterly revenue was up 55.9% compared to the same quarter last year. Analysts predict that DLocal will post 0.80 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DLO. CenterBook Partners LP purchased a new position in DLocal in the 3rd quarter valued at about $3,697,000. Calamos Advisors LLC purchased a new stake in DLocal during the 3rd quarter worth approximately $616,000. Sterling Capital Management LLC increased its stake in DLocal by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,031 shares of the company's stock worth $42,000 after buying an additional 2,711 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of DLocal during the third quarter valued at approximately $2,420,000. Finally, Annex Advisory Services LLC acquired a new position in shares of DLocal during the third quarter valued at approximately $1,515,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

About DLocal

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company's services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.

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