DLocal Limited (NASDAQ:DLO) Receives $18.38 Average PT from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.38.

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. Susquehanna cut their target price on DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, March 19th. HSBC cut their target price on DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. cut their target price on DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Citigroup assumed coverage on DLocal in a research report on Friday, April 19th. They issued a “neutral” rating and a $17.00 target price for the company.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of DLocal in the third quarter valued at $67,000. Citigroup Inc. increased its holdings in shares of DLocal by 24.5% in the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after buying an additional 1,378 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in DLocal during the 1st quarter valued at $152,000. OneAscent Wealth Management LLC acquired a new stake in DLocal during the 4th quarter valued at $185,000. Finally, Newfoundland Capital Management acquired a new stake in DLocal during the 4th quarter valued at $212,000. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Performance

Shares of NASDAQ DLO opened at $14.36 on Tuesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $15.97 and a 200-day simple moving average of $16.96. The company has a market cap of $4.25 billion, a PE ratio of 29.31, a P/E/G ratio of 0.95 and a beta of 0.96. DLocal has a 12-month low of $9.04 and a 12-month high of $24.22.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $188.01 million for the quarter, compared to analyst estimates of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. On average, equities research analysts forecast that DLocal will post 0.59 EPS for the current 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.