DLocal Limited (NASDAQ:DLO) Receives $18.38 Consensus Price Target from Analysts

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.38.

Several research analysts recently issued reports on the stock. Susquehanna cut their target price on shares of DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, March 19th. Barclays cut their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. Citigroup initiated coverage on shares of DLocal in a research report on Friday, April 19th. They set a “neutral” rating and a $17.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, New Street Research upgraded shares of DLocal from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $24.00 in a research report on Tuesday, January 9th.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of DLocal during the 3rd quarter worth $67,000. Citigroup Inc. grew its stake in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after buying an additional 1,378 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of DLocal in the 1st quarter worth $152,000. OneAscent Wealth Management LLC purchased a new position in shares of DLocal during the 4th quarter worth about $185,000. Finally, Newfoundland Capital Management purchased a new position in shares of DLocal during the 4th quarter worth about $212,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Trading Down 1.0 %

DLocal stock opened at $14.28 on Tuesday. DLocal has a fifty-two week low of $9.04 and a fifty-two week high of $24.22. The firm’s fifty day moving average price is $16.01 and its 200-day moving average price is $17.01. The stock has a market cap of $4.23 billion, a P/E ratio of 29.14, a PEG ratio of 0.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63.

DLocal (NASDAQ:DLO) last announced its earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The company had revenue of $188.01 million during the quarter, compared to analysts’ expectations of $169.85 million. Equities research analysts forecast that DLocal will post 0.59 earnings per share for the current fiscal year.

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.