Citigroup Initiates Coverage on DLocal (NASDAQ:DLO)

Citigroup began coverage on shares of DLocal (NASDAQ:DLO - Free Report) in a research report report published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $14.60 price target on the stock.

DLO has been the subject of several other research reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays cut their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna upped 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. Finally, The Goldman Sachs Group raised their price objective on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $12.08.

DLocal Stock Performance

Shares of NASDAQ:DLO traded down $0.15 on Tuesday, reaching $10.66. 934,622 shares of the company's stock were exchanged, compared to its average volume of 1,408,283. DLocal has a twelve month low of $6.57 and a twelve month high of $14.26. The company has a fifty day moving average of $9.40 and a 200-day moving average of $10.72. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.09 and a beta of 0.97. 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 issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $216.76 million during the quarter, compared to analysts' expectations of $213.52 million. During the same period in the previous year, the company posted $0.06 earnings per share. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts predict that DLocal will post 0.47 EPS for the current fiscal year.

DLocal Dividend Announcement

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

Institutional Trading of DLocal

Hedge funds have recently made changes to their positions in the company. Azora Capital LP acquired a new position in shares of DLocal in the fourth quarter valued at approximately $37,144,000. Baillie Gifford & Co. increased its position in DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after acquiring an additional 1,360,183 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of DLocal during the fourth quarter valued at $25,099,000. J. Goldman & Co LP lifted its holdings in shares of 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 during the period. Finally, Tikvah Management LLC grew its stake in shares of DLocal by 16.9% in the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company's stock worth $8,795,000 after purchasing an additional 152,699 shares during the last quarter. 90.13% of the stock is 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.