DLocal (NASDAQ:DLO) Coverage Initiated at Citigroup

Citigroup assumed coverage on shares of DLocal (NASDAQ:DLO) in a research note published on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $14.60 price target on the stock.

A number of other brokerages also recently issued reports on DLO. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Barclays cut their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Susquehanna boosted their target price on shares of DLocal from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price target (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.08.

DLocal Price Performance

Shares of NASDAQ DLO opened at $10.81 on Tuesday. The firm has a 50-day simple moving average of $9.38 and a 200-day simple moving average of $10.71. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a 52 week low of $6.57 and a 52 week high of $14.26.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $216.76 million during the quarter, compared to the consensus estimate of $213.52 million. During the same quarter in the prior year, the firm earned $0.06 EPS. DLocal’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts predict that DLocal will post 0.47 earnings per share for the current fiscal year.

DLocal Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th will be given a dividend of $0.5251 per share. The ex-dividend date is Tuesday, May 27th.

Institutional Trading of DLocal

Several institutional investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC lifted its stake in DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after purchasing an additional 929 shares in the last quarter. Empowered Funds LLC lifted its stake in DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after acquiring an additional 1,281 shares in the last quarter. Mariner LLC boosted its holdings in DLocal by 6.0% during the 4th quarter. Mariner LLC now owns 24,257 shares of the company’s stock valued at $273,000 after acquiring an additional 1,365 shares during the period. Lane Generational LLC increased its stake in DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after purchasing an additional 1,717 shares during the period. Finally, Wells Fargo & Company MN increased its stake in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.