DLocal (NASDAQ:DLO) Given New $14.00 Price Target at Barclays

DLocal (NASDAQ:DLO - Get Free Report) had its price objective decreased by investment analysts at Barclays from $17.00 to $14.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 45.23% from the stock's previous close.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group cut their target price on DLocal from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, May 15th. Bank of America reduced their price objective on DLocal from $18.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday. HSBC lowered their target price on DLocal from $19.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. decreased their price target 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. Finally, Citigroup assumed coverage on shares of DLocal in a research note on Friday, April 19th. They issued a "neutral" rating and a $17.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.63.

DLocal Stock Performance

NASDAQ:DLO traded up $0.05 during mid-day trading on Monday, reaching $9.64. 4,213,692 shares of the company's stock were exchanged, compared to its average volume of 1,346,339. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $2.85 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94. DLocal has a one year low of $9.04 and a one year high of $24.22. The business's fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $16.43.

DLocal (NASDAQ:DLO - Get Free Report) last released 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 business had revenue of $188.01 million during the quarter, compared to analyst estimates of $169.85 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. Analysts anticipate that DLocal will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of DLocal in the 3rd quarter worth approximately $67,000. Citigroup Inc. lifted its holdings in DLocal by 24.5% in the third quarter. Citigroup Inc. now owns 7,007 shares of the company's stock valued at $134,000 after buying an additional 1,378 shares during the period. Ridgewood Investments LLC acquired a new position in DLocal in the first quarter valued at $152,000. OneAscent Wealth Management LLC bought a new stake in DLocal during the fourth quarter valued at $185,000. Finally, Newfoundland Capital Management bought a new position in shares of DLocal in the 4th quarter worth about $212,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

About DLocal

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.