DLocal (NASDAQ:DLO) Price Target Raised to $18.00

DLocal (NASDAQ:DLO) had its target price raised by Truist Financial from $17.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on DLO. Weiss Ratings raised shares of DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group raised their price target on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.83.

DLocal Price Performance

Shares of DLO stock opened at $15.03 on Thursday. DLocal has a 1-year low of $10.64 and a 1-year high of $16.78. The stock’s fifty day moving average price is $14.42 and its 200 day moving average price is $13.18. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 22.43 and a beta of 0.97.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $399.66 million during the quarter, compared to analysts’ expectations of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%.The firm’s revenue was up 55.9% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. As a group, equities research analysts anticipate that DLocal will post 0.82 earnings per share for the current year.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of DLocal stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the completion of the sale, the director directly owned 1,000,000 shares in the company, valued at approximately $14,630,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,103,153 shares of company stock worth $16,231,782. Company insiders own 45.44% of the company’s stock.

Hedge Funds Weigh In On DLocal

A number of institutional investors have recently modified their holdings of DLO. Caitong International Asset Management Co. Ltd boosted its stake in shares of DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares during the last quarter. IFP Advisors Inc purchased a new position in DLocal during the third quarter valued at approximately $26,000. University of Texas Texas AM Investment Management Co. acquired a new position in DLocal in the fourth quarter valued at approximately $40,000. Banque Cantonale Vaudoise acquired a new position in DLocal in the first quarter valued at approximately $42,000. Finally, Kestra Advisory Services LLC purchased a new stake in DLocal in the 4th quarter worth approximately $95,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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.