DLocal Limited (NASDAQ:DLO) Given Average Rating of “Hold” by Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.81.

Several analysts have weighed in on DLO shares. The Goldman Sachs Group lifted their target price on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Susquehanna lifted their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Barclays increased their target price on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th.

DLocal Stock Performance

Shares of NASDAQ DLO opened at $12.60 on Monday. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The company has a market cap of $3.73 billion, a PE ratio of 31.49, a P/E/G ratio of 3.21 and a beta of 0.90. The stock has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $10.21. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Azora Capital LP bought a new stake in DLocal in the fourth quarter worth about $37,144,000. Canada Pension Plan Investment Board bought a new stake in shares of DLocal in the 4th quarter worth approximately $25,099,000. Baillie Gifford & Co. raised its holdings in shares of DLocal by 108.5% in the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after purchasing an additional 1,360,183 shares in the last quarter. J. Goldman & Co LP lifted its stake in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in DLocal during the fourth quarter valued at approximately $5,720,000. Institutional investors own 90.13% of the company’s stock.

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.