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.

Hsbc Global Res upgraded shares of DLocal (NASDAQ:DLO - Free Report) from a hold rating to a strong-buy rating in a research note released on Thursday, August 14th,Zacks.com reports.

DLO has been the subject of a number of other research reports. Susquehanna boosted 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 previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. Morgan Stanley set a $15.00 price objective on DLocal in a research note on Thursday, August 14th. Truist Financial assumed coverage on DLocal in a research note on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective for the company. Finally, Citigroup assumed coverage on DLocal in a research note on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.51.

DLocal Trading Up 3.1%

DLO traded up $0.4450 on Thursday, hitting $14.6650. The company had a trading volume of 811,152 shares, compared to its average volume of 1,371,117. The firm has a market cap of $4.19 billion, a P/E ratio of 30.55 and a beta of 1.10. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $11.25 and its 200 day moving average price is $10.56. DLocal has a 1 year low of $7.61 and a 1 year high of $16.44.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The business's revenue for the quarter was up 49.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. As a group, equities analysts expect that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after purchasing an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in DLocal by 603.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock worth $34,000 after purchasing an additional 3,477 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in DLocal during the 4th quarter worth about $55,000. Activest Wealth Management purchased a new stake in DLocal during the 2nd quarter worth about $80,000. Finally, Caption Management LLC increased its position in 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 purchasing an additional 7,000 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.

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.