DLocal (NASDAQ:DLO) PT Lowered to $15.00 at Bank of America

DLocal (NASDAQ:DLO - Get Free Report) had its target price cut by investment analysts at Bank of America from $18.00 to $15.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Bank of America's target price would indicate a potential upside of 53.85% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Citigroup initiated coverage on DLocal in a report on Friday, April 19th. They issued a "neutral" rating and a $17.00 price target for the company. Barclays cut their target price on DLocal from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on DLocal from $17.50 to $17.00 and set a "neutral" rating on the stock in a research report on Monday, April 1st. HSBC lowered their price objective on shares of DLocal from $19.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, April 5th. Finally, The Goldman Sachs Group cut their target price on shares of DLocal from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.00.

DLocal Stock Down 2.5 %

NASDAQ DLO traded down $0.25 on Thursday, reaching $9.75. The company had a trading volume of 5,521,762 shares, compared to its average volume of 1,286,074. The firm has a market capitalization of $2.89 billion, a PE ratio of 20.18, a P/E/G ratio of 0.89 and a beta of 0.94. The firm has a 50-day moving average of $15.21 and a 200-day moving average of $16.54. DLocal has a 1 year low of $9.04 and a 1 year high of $24.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63.

DLocal (NASDAQ:DLO - Get Free Report) last announced its earnings results on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $169.85 million. On average, equities research analysts anticipate that DLocal will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. raised its holdings in DLocal by 61.8% during the third quarter. Fox Run Management L.L.C. now owns 47,760 shares of the company's stock valued at $916,000 after buying an additional 18,242 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of DLocal during the 3rd quarter worth $363,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of DLocal during the 3rd quarter worth $67,000. Mirabella Financial Services LLP acquired a new position in DLocal in the 3rd quarter valued at $274,000. Finally, Polen Capital Management LLC raised its holdings in DLocal by 13.9% in the 3rd quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company's stock worth $36,869,000 after acquiring an additional 234,772 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.