Citigroup started coverage on shares of DLocal (NASDAQ:DLO - Free Report) in a research report report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $14.60 price objective on the stock.
Other analysts have also recently issued reports about the company. Susquehanna increased their price objective on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Morgan Stanley reissued an "equal weight" rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. The Goldman Sachs Group raised their target price 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, Barclays lowered their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.08.
Check Out Our Latest Report on DLO
DLocal Stock Performance
DLO stock traded down $0.04 on Tuesday, hitting $11.05. The company's stock had a trading volume of 751,427 shares, compared to its average volume of 1,418,873. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The firm has a 50 day moving average of $9.36 and a two-hundred day moving average of $10.69. 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 has a 1 year low of $6.57 and a 1 year high of $14.26.
DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company 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 business posted $0.06 earnings per share. DLocal's quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts predict that DLocal will post 0.47 EPS for the current fiscal year.
DLocal Announces Dividend
The business also recently disclosed a -- dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be paid a $0.5251 dividend. The ex-dividend date of this dividend is Tuesday, May 27th.
Institutional Trading of DLocal
A number of institutional investors have recently added to or reduced their stakes in DLO. Azora Capital LP acquired a new stake in shares of DLocal during the 4th quarter valued at approximately $37,144,000. Canada Pension Plan Investment Board purchased a new position in DLocal in the 4th quarter valued at approximately $25,099,000. Baillie Gifford & Co. raised its holdings 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 purchasing an additional 1,360,183 shares during the last quarter. J. Goldman & Co LP boosted its position in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after purchasing an additional 860,681 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in DLocal during the fourth quarter worth $5,720,000. Hedge funds and other institutional investors own 90.13% of the company's stock.
About DLocal
(
Get Free Report)
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.
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