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

DLocal Limited (NASDAQ:DLO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.08.

A number of analysts have recently issued reports on the company. Susquehanna increased their target price on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Citigroup assumed coverage on DLocal in a report on Tuesday. They issued a "buy" rating and a $14.60 target price on the stock. Morgan Stanley restated an "equal weight" rating and set a $10.00 price target (down from $11.00) on shares of DLocal in a report on Friday, February 28th. JPMorgan Chase & Co. raised shares of 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. Finally, Barclays decreased their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd.

Institutional Investors Weigh In On DLocal

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

DLocal Price Performance

Shares of NASDAQ:DLO traded down $0.24 during trading hours on Wednesday, hitting $10.81. 1,109,551 shares of the company's stock traded hands, compared to its average volume of 1,412,846. The company's fifty day simple moving average is $9.36 and its two-hundred day simple moving average is $10.69. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a 52 week low of $6.57 and a 52 week high of $14.26.

DLocal (NASDAQ:DLO - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business's quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts anticipate that DLocal will post 0.47 EPS for the current fiscal year.

DLocal Announces Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.5251 per share. The ex-dividend date is 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.