DLocal (NASDAQ:DLO) Price Target Cut to $15.00 by Analysts at Truist Financial

DLocal (NASDAQ:DLO) had its price target cut by equities research analysts at Truist Financial from $16.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 28.92% from the company’s previous close.

DLO has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 price objective on shares of DLocal in a research note on Thursday, April 30th. JPMorgan Chase & Co. cut their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.63.

DLocal Price Performance

DLO traded down $0.10 on Wednesday, reaching $11.64. 1,320,080 shares of the stock were exchanged, compared to its average volume of 1,734,698. The company’s 50-day moving average price is $12.81 and its 200 day moving average price is $13.20. DLocal has a fifty-two week low of $9.75 and a fifty-two week high of $16.78. The firm has a market capitalization of $3.43 billion, a PE ratio of 18.50 and a beta of 1.04.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business had revenue of $335.86 million during the quarter, compared to analysts’ expectations of $331.20 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 54.9% on a year-over-year basis. As a group, equities analysts forecast that DLocal will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after acquiring an additional 975 shares during the period. IFP Advisors Inc purchased a new stake in shares of DLocal during the third quarter worth $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of DLocal during the fourth quarter worth $40,000. Banque Cantonale Vaudoise purchased a new stake in shares of DLocal during the first quarter worth $42,000. Finally, Jones Financial Companies Lllp increased its position in shares of DLocal by 221.1% during the third quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock worth $70,000 after acquiring an additional 3,316 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

About DLocal

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.