DLocal (NASDAQ:DLO) Upgraded by UBS Group to “Neutral”

UBS Group upgraded shares of DLocal (NASDAQ:DLO) from a sell rating to a neutral rating in a report published on Thursday, MarketBeat.com reports. UBS Group currently has $9.00 price objective on the stock, down from their previous price objective of $13.00.

Other analysts have also issued research reports about the stock. Susquehanna reissued a positive rating and issued a $21.00 price target on shares of DLocal in a report on Wednesday, May 15th. Barclays reduced their price objective on shares of DLocal from $17.00 to $14.00 and set an equal weight rating on the stock in a research note on Monday, May 20th. The Goldman Sachs Group reduced their price objective on shares of DLocal from $18.00 to $16.00 and set a buy rating on the stock in a research note on Wednesday, May 15th. Bank of America reduced their price objective on shares of DLocal from $18.00 to $15.00 and set a neutral rating on the stock in a research note on Thursday, May 16th. Finally, Citigroup reduced their price objective on shares of DLocal from $17.00 to $10.50 and set a neutral rating on the stock in a research note on Wednesday, June 5th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DLocal has an average rating of Hold and an average price target of $15.61.

DLocal Stock Performance

Shares of DLocal stock opened at $7.84 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $2.32 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.82 and a beta of 0.78. The firm has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $14.92. DLocal has a fifty-two week low of $7.30 and a fifty-two week high of $24.22.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $184.43 million during the quarter, compared to analyst estimates of $195.24 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. Sell-side analysts predict that DLocal will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLocal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Artal Group S.A. lifted its position in DLocal by 50.0% in the 1st quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock valued at $441,000 after acquiring an additional 10,000 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in DLocal in the 1st quarter valued at $218,000. Absolute Gestao de Investimentos Ltda. bought a new stake in DLocal in the 1st quarter valued at $9,949,000. Consolidated Press International Holdings Ltd lifted its position in DLocal by 5.8% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock valued at $3,912,000 after acquiring an additional 14,499 shares in the last quarter. Finally, Sei Investments Co. lifted its position in DLocal by 7.8% in the 1st quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock valued at $3,033,000 after acquiring an additional 14,864 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

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.