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

Shares of DLocal Limited (NASDAQ:DLO) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two 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 12-month price target among brokerages that have covered the stock in the last year is $17.00.

A number of equities analysts have recently commented on DLO shares. JPMorgan Chase & Co. reduced their price objective on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. Truist Financial lowered their price target on DLocal from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, Itau BBA Securities began coverage on DLocal in a research note on Wednesday, December 17th. They set an “outperform” rating and a $21.00 price objective on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Schwartz Investment Counsel Inc. acquired a new stake in DLocal in the 3rd quarter valued at about $2,959,000. Proem Advisors LLC increased its position in DLocal by 83.5% during the third quarter. Proem Advisors LLC now owns 575,000 shares of the company’s stock worth $8,211,000 after buying an additional 261,702 shares during the last quarter. Paradice Investment Management LLC acquired a new position in DLocal during the third quarter worth approximately $14,343,000. Quantbot Technologies LP raised its stake in DLocal by 919.5% in the third quarter. Quantbot Technologies LP now owns 228,439 shares of the company’s stock valued at $3,262,000 after buying an additional 206,032 shares during the period. Finally, DNB Asset Management AS bought a new stake in DLocal in the third quarter valued at approximately $1,138,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Stock Up 1.1%

NASDAQ DLO opened at $12.40 on Tuesday. The firm’s 50 day moving average is $12.68 and its 200-day moving average is $13.68. The company has a market capitalization of $3.66 billion, a PE ratio of 19.38 and a beta of 1.14. DLocal has a 12-month low of $7.61 and a 12-month high of $16.78.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, March 19th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The business had revenue of $337.89 million during the quarter, compared to analysts’ expectations of $294.29 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 65.2% on a year-over-year basis. As a group, sell-side analysts expect that DLocal will post 0.47 EPS for the current year.

DLocal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.1939 per share. This represents a $0.78 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, May 27th.

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.