DLocal Limited (NASDAQ:DLO) Receives Average Rating of “Moderate Buy” from Analysts

DLocal Limited (NASDAQ:DLO) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.8333.

A number of research analysts recently weighed in on the company. Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Truist Financial upped their price objective on shares of DLocal from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 27th. The Goldman Sachs Group raised their target price on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of DLocal from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th.

Insider Transactions at DLocal

In other news, Director Sebastian Kanovich sold 72,753 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the completion of the sale, the director owned 4,700 shares in the company, valued at $73,038. The trade was a 93.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,103,153 shares of company stock worth $16,231,782 in the last three months. Company insiders own 45.44% of the company’s stock.

Institutional Trading of DLocal

Several institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in DLocal by 0.3% during the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after acquiring an additional 13,536 shares during the period. Atmos Capital Gestao DE Recursos LTDA. bought a new stake in shares of DLocal during the 4th quarter valued at $27,064,000. Fourth Sail Capital LP grew its holdings in shares of DLocal by 54.8% during the 4th quarter. Fourth Sail Capital LP now owns 1,823,873 shares of the company’s stock worth $25,790,000 after purchasing an additional 645,873 shares in the last quarter. Azora Capital LP bought a new position in shares of DLocal in the fourth quarter worth $21,888,000. Finally, Wellington Management Group LLP acquired a new position in DLocal in the second quarter valued at about $19,399,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Price Performance

Shares of DLO opened at $14.84 on Tuesday. The company has a market cap of $4.38 billion, a PE ratio of 22.15 and a beta of 0.90. The firm has a 50-day moving average of $14.80 and a 200-day moving average of $13.38. DLocal has a one year low of $10.64 and a one year high of $16.78.

DLocal (NASDAQ:DLO) last issued its earnings results on Friday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting 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 quarterly revenue was up 55.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. Analysts expect that DLocal will post 0.82 earnings per share for the current year.

DLocal Company Profile

dLocal is a Uruguay-based financial technology company that provides cross-border payment infrastructure for global businesses operating in emerging markets. Its platform enables merchants and digital companies to accept payments from local customers and distribute funds to users, contractors, sellers and other recipients in local currencies.

The company offers a single integration for payment collection and payouts, connecting businesses with local payment methods such as bank transfers, digital wallets, cash-based options and cards.