DLocal Limited (NASDAQ:DLO) Receives $12.45 Average PT from Brokerages

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $12.45.

DLO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and increased their price target for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Truist Financial assumed coverage on shares of DLocal in a report on Monday, June 2nd. They issued a "hold" rating and a $12.00 target price for the company. Barclays dropped their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Susquehanna boosted their price target on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Finally, Citigroup began coverage on shares of DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company.

DLocal Price Performance

NASDAQ:DLO traded down $0.17 during trading hours on Friday, reaching $10.99. 3,510,516 shares of the company's stock were exchanged, compared to its average volume of 1,319,503. The company has a market capitalization of $3.14 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.10. DLocal has a 12 month low of $6.57 and a 12 month high of $14.26. The business's 50-day simple moving average is $10.03 and its two-hundred day simple moving average is $10.64. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. DLocal had a return on equity of 37.55% and a net margin of 19.19%. The company's revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. Sell-side analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

DLocal Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a $0.5251 dividend. The ex-dividend date was Tuesday, May 27th.

Institutional Investors Weigh In On DLocal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its holdings in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after acquiring an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in DLocal by 603.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after purchasing an additional 3,477 shares in the last quarter. Parvin Asset Management LLC acquired a new position in DLocal in the 4th quarter worth about $55,000. Caption Management LLC raised its stake in shares of DLocal by 164.7% during the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock worth $94,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of DLocal during the 4th quarter worth about $142,000. Hedge funds and other 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.