DLocal Limited (NASDAQ:DLO) Receives $11.31 Average Price Target from Analysts

Shares of DLocal Limited (NASDAQ:DLO) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.56.

DLO has been the topic of several analyst reports. Barclays boosted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Susquehanna lifted their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday.

Institutional Investors Weigh In On DLocal

Several large investors have recently added to or reduced their stakes in DLO. Sylebra Capital LLC bought a new position in DLocal during the second quarter worth about $13,565,000. Millennium Management LLC grew its stake in DLocal by 151.2% in the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after buying an additional 387,762 shares in the last quarter. PDT Partners LLC raised its holdings in DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares during the period. JPMorgan Chase & Co. lifted its position in shares of DLocal by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after acquiring an additional 280,607 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in DLocal by 180.8% during the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after buying an additional 175,116 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

DLO stock opened at $13.09 on Thursday. The company has a market capitalization of $3.87 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.87. DLocal has a 52-week low of $6.57 and a 52-week high of $18.27. The business has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $9.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.16 EPS. Research analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

DLocal Company Profile

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.