DLocal (NASDAQ:DLO) Now Covered by Citigroup

Equities researchers at Citigroup initiated coverage on shares of DLocal (NASDAQ:DLO - Get Free Report) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a "neutral" rating and a $17.00 price target on the stock. Citigroup's price target suggests a potential upside of 16.84% from the company's previous close.

Several other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of DLocal from $17.50 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 1st. Susquehanna lowered their target price on shares of DLocal from $24.00 to $21.00 and set a "positive" rating on the stock in a report on Tuesday, March 19th. HSBC lowered their target price on shares of DLocal from $19.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, April 5th. New Street Research raised shares of DLocal from a "neutral" rating to a "buy" rating and upped their target price for the stock from $18.00 to $24.00 in a report on Tuesday, January 9th. Finally, Barclays lowered their target price on shares of DLocal from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, DLocal currently has an average rating of "Hold" and a consensus price target of $18.38.

DLocal Stock Performance

NASDAQ:DLO traded down $0.65 during trading hours on Friday, hitting $14.55. 1,192,234 shares of the company traded hands, compared to its average volume of 1,091,146. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 1.03 and a beta of 0.96. DLocal has a twelve month low of $9.04 and a twelve month high of $24.22. The firm has a 50-day moving average of $16.20 and a 200 day moving average of $17.13. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of DLocal

A number of hedge funds have recently modified their holdings of DLO. Lazard Asset Management LLC acquired a new stake in DLocal during the 4th quarter worth approximately $27,000. Advisors Asset Management Inc. acquired a new stake in DLocal during the 1st quarter worth approximately $78,000. Tower Research Capital LLC TRC raised its holdings in DLocal by 53.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,179 shares of the company's stock worth $65,000 after buying an additional 1,104 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in DLocal during the 3rd quarter worth approximately $67,000. Finally, State of Wyoming acquired a new stake in DLocal during the 2nd quarter worth approximately $45,000. 90.13% of the stock is currently 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.