Brokerages Set DLocal Limited (NASDAQ:DLO) PT at $12.61

DLocal Limited (NASDAQ:DLO) has been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $12.61.

Separately, Barclays raised their price target on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th.

DLocal Price Performance

Shares of DLO stock opened at $11.47 on Friday. DLocal has a 1 year low of $6.57 and a 1 year high of $18.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $10.65 and its 200-day moving average is $9.09. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 28.68, a PEG ratio of 3.36 and a beta of 0.89.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. DLocal’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. Sell-side analysts forecast that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently made changes to their positions in DLO. Sylebra Capital LLC bought a new position in DLocal during the second quarter worth about $13,565,000. Fourth Sail Capital LP raised its position in shares of DLocal by 60.8% in the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after acquiring an additional 906,561 shares during the period. Millennium Management LLC boosted its stake in DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after acquiring an additional 387,762 shares during the last quarter. PDT Partners LLC grew its holdings in DLocal by 1,430.1% during the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after purchasing an additional 336,131 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after purchasing an additional 280,607 shares in the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.