DLocal Limited (NASDAQ:DLO) Given Average Recommendation of “Hold” by Analysts

Shares of DLocal Limited (NASDAQ:DLO) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.94.

DLO has been the topic of a number of research reports. Barclays cut their target price on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Susquehanna lifted their target price on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after buying an additional 1,797 shares during the last quarter. Activest Wealth Management raised its holdings in DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of DLocal during the fourth quarter valued at approximately $55,000. R Squared Ltd purchased a new position in shares of DLocal during the fourth quarter valued at approximately $82,000. Finally, Virtu Financial LLC purchased a new position in shares of DLocal during the fourth quarter valued at approximately $142,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Price Performance

DLO stock opened at $9.36 on Friday. The firm’s 50-day moving average price is $11.60 and its two-hundred day moving average price is $10.44. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 3.09 and a beta of 0.96. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a 12-month low of $6.57 and a 12-month high of $16.79.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, equities analysts predict that DLocal will post 0.47 earnings per share for the current year.

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.