DLocal (NASDAQ:DLO) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• DLocal has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased analyst confidence in the stock's performance.
• HSBC and Citigroup also raised DLocal's target price, from $11.50 to $15.00 and from $14.60 to $17.00, respectively, further supporting positive market sentiment.
• The company reported a significant 49.7% year-over-year revenue growth with quarterly earnings beating estimates, reflecting strong operational performance.

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

Other equities analysts also recently issued reports about the company. HSBC raised DLocal from a "hold" rating to a "buy" rating and lifted their target price for the company from $11.50 to $15.00 in a research report on Thursday, August 14th. Truist Financial lifted their target price on DLocal from $12.00 to $14.00 and gave the company a "hold" rating in a research report on Friday, August 22nd. The Goldman Sachs Group set a $19.00 target price on DLocal and gave the company a "buy" rating in a research report on Tuesday. Citigroup lifted their target price on DLocal from $14.60 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Finally, Hsbc Global Res raised DLocal from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

DLocal Stock Down 1.9%

Shares of DLO opened at $15.11 on Friday. The firm has a market cap of $4.72 billion, a P/E ratio of 31.48 and a beta of 1.13. DLocal has a 12-month low of $7.61 and a 12-month high of $16.78. The company's 50-day moving average price is $14.25 and its 200 day moving average price is $11.56. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $256.50 million for the quarter, compared to analyst estimates of $226.71 million. DLocal had a net margin of 16.90% and a return on equity of 36.85%. DLocal's revenue was up 49.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. DLocal has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that DLocal will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP grew its position in shares of 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 buying an additional 1,047,692 shares in the last quarter. Fourth Sail Capital LP grew its position in shares of 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 buying an additional 390,270 shares in the last quarter. Tikvah Management LLC grew its position in shares of DLocal by 16.9% during the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company's stock worth $8,795,000 after buying an additional 152,699 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company's stock worth $4,796,000 after buying an additional 22,803 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of DLocal by 6.9% during the second quarter. Ameriprise Financial Inc. now owns 563,990 shares of the company's stock worth $6,396,000 after buying an additional 36,319 shares in 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.

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