Wall Street Zen Upgrades DLocal (NASDAQ:DLO) to Buy

Key Points

• DLocal has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts regarding its stock performance.
• Other analysts have set various target prices for DLocal stock, with UBS Group at $10.00, Morgan Stanley at $15.00, and Susquehanna at $18.00.
• The company reported earnings of $0.14 per share, exceeding estimates, and a revenue increase of 49.7% year-over-year, demonstrating strong financial growth.

DLocal (NASDAQ:DLO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other brokerages have also recently issued reports on DLO. HSBC raised shares of DLocal from a "hold" rating to a "buy" rating and increased their price target for the stock from $11.50 to $15.00 in a research report on Thursday, August 14th. Susquehanna increased their price target on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. Citigroup assumed coverage on shares of DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price target on the stock. Morgan Stanley set a $15.00 price target on shares of DLocal in a research report on Thursday, August 14th. Finally, UBS Group reissued a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.73.

DLocal Trading Down 0.5%

DLO stock traded down $0.07 during mid-day trading on Friday, hitting $13.62. 1,561,156 shares of the company were exchanged, compared to its average volume of 3,989,133. The firm has a market capitalization of $3.89 billion, a P/E ratio of 28.38 and a beta of 1.13. DLocal has a 12-month low of $7.61 and a 12-month high of $16.44. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $12.32 and a 200-day simple moving average of $10.67.

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, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $256.50 million for the quarter, compared to analysts' expectations of $226.71 million. DLocal had a net margin of 16.90% and a return on equity of 36.85%. The business's quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. On average, equities research analysts predict that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP raised its holdings in DLocal by 64.0% during the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company's stock worth $30,436,000 after purchasing an additional 1,047,692 shares in the last quarter. J. Goldman & Co LP raised its holdings 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. BNP Paribas Financial Markets acquired a new stake in DLocal during the fourth quarter worth approximately $5,720,000. Cubist Systematic Strategies LLC acquired a new stake in DLocal during the second quarter worth approximately $5,093,000. Finally, Fourth Sail Capital LP raised its holdings in DLocal by 33.7% during the second quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company's stock worth $17,539,000 after purchasing an additional 390,270 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company's stock.

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.