DLocal Limited (NASDAQ:DLO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.6250.

Several equities analysts recently issued reports on the stock. 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 issued a $17.00 target price on shares of DLocal in a research note on Thursday, April 30th. Wall Street Zen cut shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Truist Financial decreased their target price on shares of DLocal from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th.

DLocal Price Performance

DLO stock opened at $12.25 on Friday. The firm’s fifty day simple moving average is $12.66 and its 200-day simple moving average is $13.05. The company has a market capitalization of $3.61 billion, a P/E ratio of 19.44 and a beta of 0.99. DLocal has a 12 month low of $9.75 and a 12 month high of $16.78.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $335.86 million for the quarter, compared to the consensus estimate of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that DLocal will post 0.81 earnings per share for the current year.

DLocal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.1939 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, May 27th. DLocal’s payout ratio is currently 125.40%.

Insider Activity

In other news, Director William Rodney Pruett bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $11.85 per share, for a total transaction of $237,000.00. Following the purchase, the director directly owned 108,043 shares in the company, valued at approximately $1,280,309.55. This trade represents a 22.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DLocal

A number of large investors have recently added to or reduced their stakes in DLO. Cria Inc. acquired a new position in DLocal during the fourth quarter worth $56,560,000. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in DLocal during the fourth quarter worth $54,128,000. Azora Capital LP acquired a new position in DLocal during the fourth quarter worth $21,888,000. Jain Global LLC acquired a new position in DLocal during the fourth quarter worth $21,085,000. Finally, Hsbc Holdings PLC acquired a new position in DLocal during the first quarter worth $18,037,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Company Profile

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.