DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Moderate Buy” from Analysts

DLocal Limited (NASDAQ:DLO) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.8333.

A number of equities research analysts have weighed in on the company. Weiss Ratings raised DLocal from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. The Goldman Sachs Group boosted their price target on DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Truist Financial upped their price objective on DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. UBS Group raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Finally, Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a research report on Monday, May 18th.

DLocal Trading Down 0.1%

NASDAQ DLO opened at $14.84 on Tuesday. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 22.15 and a beta of 0.90. The firm’s 50 day simple moving average is $14.80 and its 200 day simple moving average is $13.38. DLocal has a 1 year low of $10.64 and a 1 year high of $16.78.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The business had revenue of $399.66 million for the quarter, compared to analysts’ expectations of $366.77 million. During the same period last year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 55.9% compared to the same quarter last year. On average, equities research analysts forecast that DLocal will post 0.82 earnings per share for the current year.

Insider Activity

In related news, Director Sebastian Kanovich sold 72,753 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the completion of the transaction, the director directly owned 4,700 shares in the company, valued at $73,038. This represents a 93.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,103,153 shares of company stock worth $16,231,782. Insiders own 45.44% of the company’s stock.

Institutional Trading of DLocal

A number of hedge funds have recently added to or reduced their stakes in DLO. Bank of America Corp DE grew its stake in shares of DLocal by 0.3% during the first quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after buying an additional 13,536 shares during the last quarter. Atmos Capital Gestao DE Recursos LTDA. acquired a new stake in shares of DLocal during the 4th quarter valued at $27,064,000. Fourth Sail Capital LP boosted its holdings in shares of DLocal by 54.8% during the 4th quarter. Fourth Sail Capital LP now owns 1,823,873 shares of the company’s stock valued at $25,790,000 after acquiring an additional 645,873 shares in the last quarter. Azora Capital LP bought a new stake in DLocal during the 4th quarter worth $21,888,000. Finally, Wellington Management Group LLP bought a new stake in DLocal during the 2nd quarter worth $19,399,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a Uruguay-based financial technology company that provides cross-border payment infrastructure for global businesses operating in emerging markets. Its platform enables merchants and digital companies to accept payments from local customers and distribute funds to users, contractors, sellers and other recipients in local currencies.

The company offers a single integration for payment collection and payouts, connecting businesses with local payment methods such as bank transfers, digital wallets, cash-based options and cards.