DLocal Limited (NASDAQ:DLO) Given Consensus Recommendation of "Hold" by Brokerages

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have been assigned an average rating of "Hold" from the eight brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.08.

Several analysts have issued reports on the stock. Susquehanna increased their price objective on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, May 15th. The Goldman Sachs Group lifted their target price on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Citigroup assumed coverage on shares of DLocal in a research report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective on the stock. JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research note on Friday, February 28th.

DLocal Stock Performance

DLO stock traded down $0.15 on Wednesday, hitting $10.66. The company's stock had a trading volume of 934,622 shares, compared to its average volume of 1,403,398. DLocal has a 1 year low of $6.57 and a 1 year high of $14.26. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The firm has a 50 day moving average of $9.40 and a two-hundred day moving average of $10.73. The company has a current ratio of 1.54, a quick ratio of 1.54 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 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $216.76 million for the quarter, compared to analyst estimates of $213.52 million. During the same period in the previous year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities analysts predict that DLocal will post 0.47 EPS for the current fiscal year.

DLocal Dividend Announcement

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

Institutional Investors Weigh In On DLocal

Several hedge funds have recently bought and sold shares of DLO. Empowered Funds LLC raised its position in shares of DLocal by 2.7% in the first 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 in the last quarter. Goldman Sachs Group Inc. increased its position in shares of DLocal by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company's stock worth $4,796,000 after purchasing an additional 22,803 shares during the period. Royal Bank of Canada lifted its position in DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company's stock worth $406,000 after purchasing 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 worth $94,000 after acquiring an additional 7,000 shares during the period. Finally, Tikvah Management LLC lifted its position 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 buying an additional 152,699 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.