DLocal Limited (DLO) – What Are Brokerages Saying About This Stock?

Shares of DLocal Limited (NASDAQ:DLO) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.00.

DLO has been the subject of a number of research analyst reports. Truist Financial reduced their target price on DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Weiss Ratings cut DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, November 2nd. Finally, The Goldman Sachs Group increased their price objective on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Institutional Investors Weigh In On DLocal

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its position in DLocal by 3.8% during the second quarter. Squarepoint Ops LLC now owns 54,199 shares of the company’s stock valued at $704,000 after acquiring an additional 1,988 shares during the last quarter. Parvin Asset Management LLC increased its stake in DLocal by 51.0% in the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock worth $96,000 after buying an additional 2,500 shares in the last quarter. Sterling Capital Management LLC raised its stake in DLocal by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,031 shares of the company’s stock valued at $42,000 after purchasing an additional 2,711 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of DLocal in the third quarter worth $80,000. Finally, R Squared Ltd bought a new stake in shares of DLocal in the first quarter worth about $135,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $13.99 on Wednesday. DLocal has a 1-year low of $10.64 and a 1-year high of $16.15. The business has a fifty day moving average price of $14.42 and a 200-day moving average price of $13.54. The company has a market capitalization of $4.13 billion, a PE ratio of 20.88 and a beta of 0.95.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $399.66 million for the quarter, compared to analysts’ expectations of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. DLocal’s revenue was up 55.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, sell-side analysts anticipate that DLocal will post 0.80 earnings per share for the current fiscal year.

DLocal Company Profile

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.