DLocal (NASDAQ:DLO) Stock Price Target Lowered at Truist Financial

DLocal (NASDAQ:DLO) had its target price dropped by analysts at Truist Financial from $18.00 to $17.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price target points to a potential upside of 14.22% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. Weiss Ratings upgraded DLocal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group increased 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. Six investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.00.

DLocal Trading Up 0.3%

Shares of DLO stock traded up $0.04 on Friday, reaching $14.88. The company had a trading volume of 1,327,193 shares, compared to its average volume of 2,029,012. The stock has a market cap of $4.39 billion, a PE ratio of 22.22 and a beta of 0.86. The company has a 50-day moving average of $14.66 and a 200-day moving average of $13.83. DLocal has a 12 month low of $10.64 and a 12 month high of $16.15.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate 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 analyst estimates of $366.77 million. During the same quarter last year, the firm earned $0.14 EPS. DLocal’s quarterly revenue was up 55.9% compared to the same quarter last year. Sell-side analysts anticipate that DLocal will post 0.80 earnings per share for the current year.

Insider Activity at DLocal

In other news, Director Sebastian Kanovich sold 72,753 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was 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 of the company’s stock, valued at $73,038. This represents a 93.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DLocal

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of DLocal in the second quarter valued at approximately $19,399,000. Hsbc Holdings PLC acquired a new stake in DLocal in the 1st quarter valued at $18,037,000. Bond Capital Management LP bought a new stake in DLocal during the 2nd quarter worth about $12,048,000. Absolute Gestao de Investimentos Ltda. bought a new stake in DLocal during the 1st quarter worth about $11,623,000. Finally, SG Americas Securities LLC boosted its stake in shares of DLocal by 4,760.6% during the 1st quarter. SG Americas Securities LLC now owns 466,570 shares of the company’s stock worth $6,051,000 after buying an additional 456,971 shares during the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

About DLocal

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company’s services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.