DLocal Limited (NASDAQ:DLO) Receives Consensus Recommendation of "Hold" from Analysts

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.38.

Several analysts recently commented on the company. Citigroup assumed coverage on DLocal in a research report on Friday. They issued a "neutral" rating and a $17.00 target price on the stock. Barclays lowered their target price on DLocal from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 21st. The Goldman Sachs Group decreased their price target on DLocal from $21.00 to $18.00 and set a "buy" rating for the company in a research note on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price target on DLocal from $17.50 to $17.00 and set a "neutral" rating for the company in a research note on Monday, April 1st. Finally, Susquehanna decreased their price target on DLocal from $24.00 to $21.00 and set a "positive" rating for the company in a research note on Tuesday, March 19th.

Hedge Funds Weigh In On DLocal

Several institutional investors have recently bought and sold shares of the stock. Fred Alger Management LLC increased its stake in shares of DLocal by 0.3% in the third quarter. Fred Alger Management LLC now owns 324,324 shares of the company's stock worth $6,217,000 after purchasing an additional 858 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in DLocal by 24.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company's stock worth $78,000 after buying an additional 870 shares in the last quarter. Citigroup Inc. grew its position in DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company's stock worth $134,000 after buying an additional 1,378 shares in the last quarter. Renaissance Capital LLC grew its position in DLocal by 3.0% during the first quarter. Renaissance Capital LLC now owns 60,039 shares of the company's stock worth $883,000 after buying an additional 1,743 shares in the last quarter. Finally, Pearl River Capital LLC grew its position in DLocal by 10.1% during the third quarter. Pearl River Capital LLC now owns 75,327 shares of the company's stock worth $1,444,000 after buying an additional 6,900 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Stock Up 1.0 %

DLocal stock traded up $0.14 during midday trading on Tuesday, hitting $14.53. The stock had a trading volume of 645,949 shares, compared to its average volume of 1,083,856. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.30 billion, a P/E ratio of 30.04, a P/E/G ratio of 0.96 and a beta of 0.96. DLocal has a 12 month low of $9.04 and a 12 month high of $24.22. The business has a fifty day moving average price of $16.15 and a 200 day moving average price of $17.08.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The company had revenue of $188.01 million for the quarter, compared to analyst estimates of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. Research analysts predict that DLocal will post 0.59 EPS for the current year.

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.