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

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

A number of equities analysts have recently weighed in on DLO shares. Susquehanna boosted their target price on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, May 15th. Citigroup started coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 target price on the stock. 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 on the stock.

DLocal Price Performance

Shares of DLO traded down $0.27 during trading hours on Thursday, reaching $10.88. The stock had a trading volume of 919,353 shares, compared to its average volume of 1,269,668. DLocal has a 12 month low of $6.57 and a 12 month high of $14.26. The stock has a market capitalization of $3.11 billion, a PE ratio of 22.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.65 and a current ratio of 1.65. The company's 50-day moving average is $10.87 and its two-hundred day moving average is $10.60.

DLocal (NASDAQ:DLO - Get Free Report) last posted 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 firm 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 business's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Research analysts expect that DLocal will post 0.47 EPS for the current year.

DLocal Dividend Announcement

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

Institutional Trading of DLocal

Several large investors have recently bought and sold shares of DLO. Goldman Sachs Group Inc. lifted its holdings in shares of DLocal by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company's stock valued at $4,796,000 after buying an additional 22,803 shares during the period. Empowered Funds LLC lifted its holdings in shares of DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company's stock valued at $406,000 after buying an additional 1,281 shares during the period. Royal Bank of Canada lifted its holdings in shares of DLocal by 562.7% during the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company's stock valued at $406,000 after buying an additional 41,324 shares during the period. Caption Management LLC lifted its holdings in shares of DLocal by 164.7% during the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock valued at $94,000 after buying an additional 7,000 shares during the period. Finally, Tikvah Management LLC lifted its holdings 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 valued at $8,795,000 after buying an additional 152,699 shares during the period. 90.13% of the stock is owned by institutional investors.

DLocal Company Profile

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.