DLocal Limited (NASDAQ:DLO) Given Average Rating of "Hold" by Brokerages

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.45.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Susquehanna boosted their price objective on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, May 15th. Citigroup initiated coverage on DLocal in a research report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. Truist Financial initiated coverage on DLocal in a research report on Monday, June 2nd. They set a "hold" rating and a $12.00 price target for the company. Finally, Barclays reduced their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd.

Institutional Investors Weigh In On DLocal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Azora Capital LP bought a new stake in shares of DLocal during the 4th quarter worth approximately $37,144,000. Canada Pension Plan Investment Board bought a new stake in shares of DLocal during the 4th quarter worth approximately $25,099,000. J. Goldman & Co LP raised its stake in shares of DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after purchasing an additional 860,681 shares in the last quarter. Tikvah Management LLC raised its stake in shares of DLocal by 16.9% during the 1st quarter. Tikvah Management LLC now owns 1,054,499 shares of the company's stock worth $8,795,000 after purchasing an additional 152,699 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of DLocal by 82.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock worth $11,125,000 after purchasing an additional 445,549 shares in the last quarter. Institutional investors own 90.13% of the company's stock.

DLocal Stock Performance

Shares of DLO stock opened at $10.20 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.65. The stock has a market cap of $2.91 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. The stock has a 50-day moving average of $9.95 and a 200-day moving average of $10.66. DLocal has a one year low of $6.57 and a one year high of $14.26.

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

DLocal Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were paid a dividend of $0.5251 per share. The ex-dividend date was Tuesday, May 27th.

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.

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