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

DLocal Limited (NASDAQ:DLO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.45.

DLO has been the subject of a number of recent research reports. Susquehanna increased their target price on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, May 15th. Citigroup initiated coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 target price for the company. Finally, Truist Financial initiated coverage on DLocal in a research note on Monday, June 2nd. They issued a "hold" rating and a $12.00 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after buying an additional 1,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in DLocal by 603.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after buying an additional 3,477 shares during the last quarter. Parvin Asset Management LLC bought a new position in DLocal during the 4th quarter worth approximately $55,000. Caption Management LLC lifted its holdings in 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 buying an additional 7,000 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in DLocal during the 4th quarter worth approximately $142,000. Hedge funds and other institutional investors own 90.13% of the company's stock.

DLocal Trading Down 0.4%

NASDAQ:DLO traded down $0.04 on Thursday, hitting $11.15. 1,551,752 shares of the stock were exchanged, compared to its average volume of 1,272,378. The stock has a market cap of $3.18 billion, a PE ratio of 18.65 and a beta of 1.11. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $10.79 and a 200-day moving average of $10.61. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $14.26.

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

DLocal Dividend Announcement

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