DLocal Limited (NASDAQ:DLO) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have been assigned an average recommendation of "Hold" from the eight ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.31.

A number of brokerages recently commented on DLO. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and upped their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Barclays reduced their price target on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Susquehanna raised their price target on shares of DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 price objective (down from $11.00) on shares of DLocal in a report on Friday, February 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLO. Azora Capital LP purchased a new stake in DLocal during the 4th quarter worth approximately $37,144,000. Canada Pension Plan Investment Board purchased a new position in shares of DLocal during the fourth quarter worth about $25,099,000. Baillie Gifford & Co. raised its position in DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after acquiring an additional 1,360,183 shares in the last quarter. J. Goldman & Co LP grew its holdings in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after buying an additional 860,681 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in DLocal in the fourth quarter valued at $5,720,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

DLO traded up $0.29 on Friday, reaching $9.17. The company had a trading volume of 191,418 shares, compared to its average volume of 1,557,598. DLocal has a 1 year low of $6.57 and a 1 year high of $14.26. The stock has a 50-day moving average price of $8.85 and a 200-day moving average price of $10.47. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.62 billion, a PE ratio of 22.93, a P/E/G ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, research analysts forecast that DLocal will post 0.47 EPS for the current fiscal year.

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.