DLocal (NASDAQ:DLO) Price Target Lowered to $9.00 at Barclays

DLocal (NASDAQ:DLO) had its price objective reduced by Barclays from $10.00 to $9.00 in a research report sent to investors on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research firms have also weighed in on DLO. Susquehanna boosted their price target on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Morgan Stanley reiterated an “equal weight” rating and issued a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DLocal presently has a consensus rating of “Hold” and an average target price of $11.94.

DLocal Stock Performance

DLO opened at $9.74 on Monday. The firm has a market capitalization of $2.88 billion, a PE ratio of 24.35, a PEG ratio of 3.09 and a beta of 0.90. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The firm’s 50-day moving average price is $12.16 and its 200 day moving average price is $10.43. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, sell-side analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

A number of institutional investors and hedge funds have recently made changes to their positions in DLO. Azora Capital LP purchased a new stake in shares of DLocal in the 4th quarter valued at approximately $37,144,000. Canada Pension Plan Investment Board purchased a new stake in DLocal during the 4th quarter worth approximately $25,099,000. Baillie Gifford & Co. increased its stake in DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after buying an additional 1,360,183 shares during the period. J. Goldman & Co LP increased its stake in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock worth $15,214,000 after buying an additional 860,681 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in DLocal during the 4th quarter worth approximately $5,720,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.