Barclays Lowers DLocal (NASDAQ:DLO) Price Target to $14.00

DLocal (NASDAQ:DLO) had its price target lowered by Barclays from $17.00 to $14.00 in a research note released on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on DLO. Bank of America dropped their price target on DLocal from $18.00 to $15.00 and set a neutral rating on the stock in a research note on Thursday, May 16th. The Goldman Sachs Group decreased their price target on DLocal from $18.00 to $16.00 and set a buy rating for the company in a report on Wednesday, May 15th. HSBC reduced their target price on DLocal from $19.00 to $17.00 and set a hold rating for the company in a research note on Friday, April 5th. Susquehanna reaffirmed a positive rating and set a $21.00 target price on shares of DLocal in a research note on Wednesday, May 15th. Finally, Citigroup assumed coverage on DLocal in a research note on Friday, April 19th. They set a neutral rating and a $17.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $17.63.

DLocal Stock Performance

NASDAQ:DLO opened at $9.35 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.61 and a current ratio of 1.61. The stock’s fifty day moving average is $14.29 and its 200 day moving average is $16.21. DLocal has a fifty-two week low of $9.04 and a fifty-two week high of $24.22. The firm has a market capitalization of $2.77 billion, a PE ratio of 21.25, a PEG ratio of 0.94 and a beta of 0.94.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). DLocal had a return on equity of 35.20% and a net margin of 18.83%. The firm had revenue of $188.01 million for the quarter, compared to the consensus estimate of $169.85 million. On average, sell-side analysts anticipate that DLocal will post 0.49 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

Several hedge funds have recently bought and sold shares of DLO. Alkeon Capital Management LLC raised its position in DLocal by 77.8% in the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock valued at $102,948,000 after purchasing an additional 2,350,000 shares in the last quarter. Wasatch Advisors LP raised its position in DLocal by 35.3% in the 4th quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company’s stock valued at $63,550,000 after purchasing an additional 936,558 shares in the last quarter. Fourth Sail Capital LP purchased a new position in shares of DLocal in the 4th quarter valued at about $14,783,000. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of DLocal in the 1st quarter valued at about $9,949,000. Finally, Baillie Gifford & Co. increased its holdings in shares of DLocal by 55.5% in the 1st quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company’s stock valued at $22,728,000 after acquiring an additional 552,104 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.