DLocal (NASDAQ:DLO) Stock Price Up 5.3% on Analyst Upgrade

DLocal Limited (NASDAQ:DLO) shares rose 5.3% on Monday after Barclays raised their price target on the stock from $8.00 to $9.00. Barclays currently has an equal weight rating on the stock. DLocal traded as high as $10.46 and last traded at $10.41. Approximately 309,731 shares changed hands during trading, a decline of 81% from the average daily volume of 1,600,317 shares. The stock had previously closed at $9.89.

A number of other research firms have also recently commented on DLO. Susquehanna reduced their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. Bank of America increased their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.61.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Main Management ETF Advisors LLC purchased a new position in DLocal during the 3rd quarter valued at about $888,000. State Street Corp grew its stake in DLocal by 1.4% during the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after purchasing an additional 6,992 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of DLocal by 22.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company’s stock valued at $1,030,000 after buying an additional 23,480 shares during the period. Centiva Capital LP grew its position in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock worth $756,000 after buying an additional 71,892 shares in the last quarter. Finally, PDT Partners LLC raised its holdings in DLocal by 1,430.1% in the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 2.2 %

The company has a market cap of $3.20 billion, a PE ratio of 27.00, a P/E/G ratio of 2.87 and a beta of 0.74. The business’s 50 day moving average is $8.79 and its 200-day moving average is $8.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, analysts predict that DLocal Limited will post 0.47 EPS for the current year.

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.