DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Hold” from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.50.

A number of equities research analysts recently issued reports on DLO shares. Bank of America upped their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. The Goldman Sachs Group lowered shares of DLocal from a “buy” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $8.00 in a research report on Wednesday, June 26th. UBS Group upgraded DLocal from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $9.00 in a research report on Thursday, June 20th. Susquehanna cut their target price on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. decreased their price target on DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DLO. Fourth Sail Capital LP purchased a new stake in DLocal during the fourth quarter worth about $14,783,000. Pertento Partners LLP lifted its holdings in DLocal by 14.2% during the 4th quarter. Pertento Partners LLP now owns 1,146,862 shares of the company’s stock worth $20,288,000 after buying an additional 142,864 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in DLocal by 97.0% in the 4th quarter. Thornburg Investment Management Inc. now owns 375,575 shares of the company’s stock valued at $6,644,000 after buying an additional 184,923 shares during the period. Zevenbergen Capital Investments LLC boosted its position in DLocal by 58.1% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,244,447 shares of the company’s stock valued at $22,014,000 after buying an additional 457,122 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of DLocal in the fourth quarter worth $355,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Trading Down 2.3 %

Shares of DLocal stock opened at $8.52 on Monday. 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 stock’s 50 day simple moving average is $7.86 and its 200-day simple moving average is $11.85. The stock has a market cap of $2.52 billion, a P/E ratio of 19.36, a P/E/G ratio of 0.80 and a beta of 0.74. DLocal has a 1-year low of $6.57 and a 1-year high of $23.00.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DLocal had a return on equity of 35.20% and a net margin of 18.83%. The company had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts predict that DLocal will post 0.44 EPS for the current fiscal 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.