DLocal (NASDAQ:DLO) Stock Price Expected to Rise, Susquehanna Analyst Says

DLocal (NASDAQ:DLO) had its price target raised by investment analysts at Susquehanna from $14.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price indicates a potential upside of 18.43% from the stock’s current price.

Separately, Barclays boosted their price target on DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, DLocal has a consensus rating of “Hold” and a consensus price target of $11.56.

DLocal Stock Performance

Shares of NASDAQ:DLO opened at $13.51 on Wednesday. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The company’s 50 day moving average price is $11.66 and its two-hundred day moving average price is $9.60. The firm has a market cap of $4.00 billion, a PE ratio of 33.78, a PEG ratio of 2.88 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of DLocal

Large investors have recently bought and sold shares of the business. Activest Wealth Management lifted its holdings in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after acquiring an additional 2,656 shares during the last quarter. Quarry LP increased its position in DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. R Squared Ltd bought a new position in DLocal in the 4th quarter valued at approximately $82,000. International Assets Investment Management LLC bought a new position in DLocal in the 3rd quarter valued at approximately $109,000. Finally, Aigen Investment Management LP acquired a new stake in DLocal in the third quarter valued at approximately $152,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.