Truist Financial Lowers DLocal (NASDAQ:DLO) Price Target to $15.00

Key Points

• Truist lowered its DLocal price target to $15 from $17 while keeping a "buy" rating, a level that the report says implies about a 27.44% upside from the stock's current price.
• The analyst consensus is a "Moderate Buy" with a consensus price target of $17, reflecting mixed coverage (one Strong Buy, six Buy and two Hold ratings).
• Institutional investors own about 90.13% of the stock, and several large funds (including Cria, Atmos Capital, Marshall Wace, Baillie Gifford and Paradice) materially increased or established positions in the fourth quarter.

DLocal (NASDAQ:DLO - Get Free Report) had its price target decreased by investment analysts at Truist Financial from $17.00 to $15.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective would suggest a potential upside of 27.44% from the stock's current price.

Several other equities research analysts have also commented on DLO. Itau BBA Securities started coverage on DLocal in a research note on Wednesday, December 17th. They set an "outperform" rating and a $21.00 price target for the company. Weiss Ratings reissued a "hold (c)" rating on shares of DLocal in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of DLocal from $18.50 to $18.00 and set an "overweight" rating on the stock in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, DLocal has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

DLocal Trading Up 3.5%

Shares of DLO traded up $0.40 during trading hours on Tuesday, hitting $11.77. The stock had a trading volume of 284,875 shares, compared to its average volume of 1,146,112. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $3.68 billion, a P/E ratio of 21.07 and a beta of 1.14. The company's fifty day simple moving average is $13.11 and its 200 day simple moving average is $13.77. DLocal has a 12-month low of $7.61 and a 12-month high of $16.78.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently modified their holdings of the stock. Cria Inc. purchased a new position in DLocal in the 4th quarter worth approximately $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new stake in shares of DLocal during the fourth quarter valued at approximately $54,128,000. Marshall Wace LLP lifted its position in shares of DLocal by 18.9% during the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company's stock worth $51,792,000 after purchasing an additional 582,718 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of DLocal by 12.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company's stock valued at $42,373,000 after purchasing an additional 326,537 shares during the period. Finally, Paradice Investment Management LLC boosted its stake in shares of DLocal by 93.5% in the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company's stock valued at $27,479,000 after purchasing an additional 938,938 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.