DLocal (NASDAQ:DLO) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of DLocal (NASDAQ:DLO) in a research note issued to investors on Friday, MarketBeat.com reports. The firm issued a neutral rating and a $17.00 price objective on the stock.

DLO has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of DLocal from $17.50 to $17.00 and set a neutral rating for the company in a research note on Monday, April 1st. The Goldman Sachs Group lowered their price objective on shares of DLocal from $21.00 to $18.00 and set a buy rating for the company in a research note on Wednesday, March 20th. Barclays lowered their price objective on shares of DLocal from $18.00 to $17.00 and set an equal weight rating for the company in a research note on Thursday, March 21st. Susquehanna lowered their price objective on shares of DLocal from $24.00 to $21.00 and set a positive rating for the company in a research note on Tuesday, March 19th. Finally, New Street Research upgraded shares of DLocal from a neutral rating to a buy rating and lifted their price objective for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, DLocal has a consensus rating of Hold and an average price target of $18.38.

DLocal Stock Performance

DLO opened at $14.55 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $16.20 and its 200-day moving average price is $17.13. DLocal has a 52-week low of $9.04 and a 52-week high of $24.22.

DLocal (NASDAQ:DLO) last released its earnings results on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $169.85 million. As a group, equities analysts anticipate that DLocal will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Eventide Asset Management LLC increased its holdings in DLocal by 27.8% in the second quarter. Eventide Asset Management LLC now owns 5,699,607 shares of the company’s stock valued at $69,564,000 after buying an additional 1,238,463 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in DLocal by 77.8% in the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock valued at $102,948,000 after buying an additional 2,350,000 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in DLocal by 53.0% in the first quarter. Wasatch Advisors Inc. now owns 4,086,240 shares of the company’s stock valued at $127,736,000 after buying an additional 1,415,016 shares in the last quarter. Wasatch Advisors LP increased its holdings in DLocal by 9.6% in the first quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock valued at $57,891,000 after buying an additional 345,746 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in DLocal by 866.2% in the fourth quarter. Millennium Management LLC now owns 2,297,363 shares of the company’s stock valued at $35,770,000 after buying an additional 2,059,580 shares in the last quarter. Hedge funds and other 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.