Brokerages Set DLocal Limited (NASDAQ:DLO) Price Target at $17.00

DLocal Limited (NASDAQ:DLO) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.00.

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Monday. JPMorgan Chase & Co. reduced their target price on DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Wall Street Zen upgraded DLocal from a “hold” rating to a “buy” rating in a report on Sunday, April 5th. Finally, Truist Financial reduced their target price on DLocal from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, March 17th.

DLocal Trading Up 3.4%

Shares of DLocal stock opened at $13.76 on Friday. DLocal has a twelve month low of $8.67 and a twelve month high of $16.78. The stock has a market capitalization of $4.06 billion, a P/E ratio of 21.50 and a beta of 1.06. The business’s fifty day moving average price is $12.58 and its 200 day moving average price is $13.52.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, March 19th. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. DLocal had a return on equity of 40.40% and a net margin of 18.00%.The firm had revenue of $337.89 million for the quarter, compared to analysts’ expectations of $294.29 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 65.2% compared to the same quarter last year. As a group, sell-side analysts predict that DLocal will post 0.85 EPS for the current year.

DLocal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.1939 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 5.6%. DLocal’s dividend payout ratio (DPR) is presently 120.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLO. Royal Bank of Canada lifted its stake in shares of DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock worth $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after purchasing an additional 22,803 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of DLocal by 2.7% during the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after purchasing an additional 1,281 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of DLocal by 0.8% during the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of DLocal during the second quarter worth about $254,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.