DLocal (NASDAQ:DLO) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of DLocal (NASDAQ:DLO) from a buy rating to a hold rating in a research note published on Saturday morning.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Truist Financial lowered their price target on shares of DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Finally, Itau BBA Securities assumed coverage on shares of DLocal in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.00.

DLocal Stock Performance

Shares of DLO stock opened at $12.27 on Friday. DLocal has a 52 week low of $7.61 and a 52 week high of $16.78. The stock has a market capitalization of $3.83 billion, a PE ratio of 19.17 and a beta of 1.14. The stock’s fifty day moving average is $12.72 and its 200-day moving average is $13.68.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $337.89 million during the quarter, compared to analysts’ expectations of $294.29 million. DLocal had a return on equity of 40.40% and a net margin of 18.00%.The firm’s revenue for the quarter was up 65.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. As a group, analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal year.

DLocal Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a yield of 6.3%.

Institutional Investors Weigh In On DLocal

Several institutional investors have recently modified their holdings of the business. IFP Advisors Inc bought a new stake in shares of DLocal during the third quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after buying an additional 975 shares during the period. Global Retirement Partners LLC bought a new position in DLocal in the third quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. acquired a new stake in DLocal during the 4th quarter worth $40,000. Finally, Jones Financial Companies Lllp grew its holdings in DLocal by 221.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock worth $70,000 after acquiring an additional 3,316 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.