DLocal (NASDAQ:DLO) Given New $17.00 Price Target at HSBC

DLocal (NASDAQ:DLO - Get Free Report) had its price objective cut by equities research analysts at HSBC from $19.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a "hold" rating on the stock. HSBC's price objective indicates a potential upside of 4.62% from the stock's current price.

A number of other analysts also recently commented on DLO. The Goldman Sachs Group decreased their target price on DLocal from $21.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, March 20th. New Street Research raised DLocal from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $18.00 to $24.00 in a report on Tuesday, January 9th. Susquehanna cut their price target on DLocal from $24.00 to $21.00 and set a "positive" rating for the company in a report on Tuesday, March 19th. TheStreet cut DLocal from a "c-" rating to a "d+" rating in a report on Wednesday, December 13th. Finally, Barclays cut their price target on DLocal from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.78.

DLocal Price Performance

Shares of DLocal stock traded up $0.01 during trading on Friday, reaching $16.25. The company's stock had a trading volume of 726,043 shares, compared to its average volume of 1,100,802. The business has a 50 day moving average price of $16.34 and a 200-day moving average price of $17.39. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.81 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.96. DLocal has a 12-month low of $9.04 and a 12-month high of $24.22.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eventide Asset Management LLC increased its stake in DLocal by 27.8% during the second quarter. Eventide Asset Management LLC now owns 5,699,607 shares of the company's stock worth $69,564,000 after acquiring an additional 1,238,463 shares during the last quarter. Alkeon Capital Management LLC boosted its position in shares of DLocal by 77.8% in the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company's stock worth $102,948,000 after buying an additional 2,350,000 shares during the period. Wasatch Advisors Inc. boosted its position in shares of DLocal by 53.0% in the first quarter. Wasatch Advisors Inc. now owns 4,086,240 shares of the company's stock worth $127,736,000 after buying an additional 1,415,016 shares during the period. Wasatch Advisors LP boosted its position in shares of DLocal by 35.3% in the fourth quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company's stock worth $63,550,000 after buying an additional 936,558 shares during the period. Finally, Millennium Management LLC boosted its position in shares of DLocal by 866.2% in the fourth quarter. Millennium Management LLC now owns 2,297,363 shares of the company's stock worth $35,770,000 after buying an additional 2,059,580 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

About DLocal

DLocal Limited operates a payment processing platform worldwide. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries.