DLocal (NASDAQ:DLO) Coverage Initiated at Truist Financial

Truist Financial assumed coverage on shares of DLocal (NASDAQ:DLO - Free Report) in a research note published on Monday, MarketBeat reports. The firm issued a hold rating and a $12.00 price target on the stock.

DLO has been the subject of several other research reports. Barclays reduced their price target on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group upped their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Susquehanna lifted their price target on DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Finally, Citigroup initiated coverage on DLocal in a report on Tuesday, May 27th. They issued a "buy" rating and a $14.60 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, DLocal currently has a consensus rating of "Hold" and a consensus target price of $12.07.

DLocal Stock Down 2.4%

Shares of DLO stock traded down $0.25 during mid-day trading on Monday, reaching $10.35. 602,076 shares of the company were exchanged, compared to its average volume of 1,390,572. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The business's 50 day simple moving average is $9.47 and its 200 day simple moving average is $10.74. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $14.26. The company has a market capitalization of $2.95 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $216.76 million for the quarter, compared to the consensus estimate of $213.52 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Research analysts predict that DLocal will post 0.47 earnings per share for the current year.

DLocal Announces Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th will be issued a $0.5251 dividend. The ex-dividend date is Tuesday, May 27th.

Institutional Investors Weigh In On DLocal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLO. Wells Fargo & Company MN increased its position in shares of DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after purchasing an additional 1,797 shares during the period. Activest Wealth Management boosted its stake in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after buying an additional 2,656 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after buying an additional 3,477 shares in the last quarter. Parvin Asset Management LLC acquired a new position in DLocal during the fourth quarter worth about $55,000. Finally, Caption Management LLC raised its position in DLocal by 164.7% in the first quarter. Caption Management LLC now owns 11,249 shares of the company's stock worth $94,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors own 90.13% of the company's stock.

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.