DLocal (NASDAQ:DLO) Price Target Raised to $9.00

DLocal (NASDAQ:DLO) had its target price increased by Barclays from $8.00 to $9.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

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

DLocal Price Performance

DLO opened at $10.64 on Monday. The firm has a market cap of $3.15 billion, a P/E ratio of 26.60, a PEG ratio of 2.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $19.15. The firm has a 50-day moving average of $8.83 and a 200 day moving average of $8.71.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. During the same period in the prior year, the firm earned $0.16 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that DLocal will post 0.47 EPS for the current year.

Institutional Investors Weigh In On DLocal

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of DLocal by 7.8% during the 1st quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock worth $3,033,000 after acquiring an additional 14,864 shares during the period. Consolidated Press International Holdings Ltd increased its stake in shares of DLocal by 5.8% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock worth $3,912,000 after acquiring an additional 14,499 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in DLocal during the 1st quarter valued at about $9,949,000. B. Riley Wealth Advisors Inc. bought a new stake in DLocal during the first quarter worth about $218,000. Finally, Artal Group S.A. grew its holdings in DLocal by 50.0% in the first quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock worth $441,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other 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.