DLocal (NASDAQ:DLO) Rating Increased to Strong-Buy at Hsbc Global Res

Key Points

• DLocal has been upgraded to a "strong-buy" rating by Hsbc Global Res, reflecting increased confidence in the company's future performance.
• Recent earnings results showed DLocal reporting $0.14 earnings per share for the quarter, surpassing analysts' expectations and marking a 49.7% year-over-year revenue increase.
• The company's consensus rating is currently a "Moderate Buy," with a price target of $13.51 according to MarketBeat data.

DLocal (NASDAQ:DLO - Get Free Report) was upgraded by analysts at Hsbc Global Res to a "strong-buy" rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Susquehanna upped their price objective on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, May 15th. UBS Group reiterated a "neutral" rating and issued a $10.00 price objective (up from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and upped their price objective for the company from $11.50 to $15.00 in a research note on Thursday. Truist Financial began coverage on DLocal in a research note on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective on the stock. Finally, Citigroup began coverage on DLocal in a report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 target price on the stock. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.51.

DLocal Trading Up 2.0%

Shares of DLO opened at $15.66 on Thursday. DLocal has a 12-month low of $7.61 and a 12-month high of $16.44. The company has a quick ratio of 1.65, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 32.63 and a beta of 1.10. The stock's 50-day moving average price is $10.99 and its 200 day moving average price is $10.53.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. DLocal had a return on equity of 36.85% and a net margin of 16.90%. The firm had revenue of $256.50 million for the quarter, compared to analyst estimates of $226.71 million. During the same period in the previous year, the company posted $0.15 earnings per share. The company's quarterly revenue was up 49.7% compared to the same quarter last year. As a group, research analysts predict that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Azora Capital LP acquired a new position in DLocal during the 4th quarter worth $37,144,000. Marshall Wace LLP lifted its holdings in DLocal by 64.0% during the 2nd quarter. Marshall Wace LLP now owns 2,683,988 shares of the company's stock worth $30,436,000 after buying an additional 1,047,692 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in DLocal during the 4th quarter worth $25,099,000. Fourth Sail Capital LP lifted its holdings in DLocal by 33.7% during the 2nd quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company's stock worth $17,539,000 after buying an additional 390,270 shares in the last quarter. Finally, J. Goldman & Co LP lifted 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 worth $15,214,000 after buying an additional 860,681 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.