DLocal (NASDAQ:DLO) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of DLocal (NASDAQ:DLO) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $17.00 target price on shares of DLocal in a report on Thursday. Truist Financial decreased their target price on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. decreased their target price on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.78.

DLocal Trading Down 0.9%

NASDAQ:DLO opened at $13.75 on Friday. The firm has a market cap of $4.06 billion, a PE ratio of 21.48 and a beta of 1.05. The stock has a fifty day moving average price of $12.69 and a 200 day moving average price of $13.50. DLocal has a 12-month low of $8.67 and a 12-month high of $16.78.

DLocal (NASDAQ:DLO) last released its earnings results on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $337.89 million during the quarter, compared to analyst estimates of $294.29 million. DLocal had a return on equity of 40.40% and a net margin of 18.00%.DLocal’s revenue was up 65.2% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Equities analysts forecast that DLocal will post 0.85 EPS for the current year.

DLocal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. This represents a $0.78 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, May 27th.

Institutional Trading of DLocal

A number of institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in DLocal by 3.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,793 shares of the company’s stock worth $354,000 after buying an additional 837 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares during the last quarter. Geode Capital Management LLC lifted its holdings in DLocal by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after buying an additional 1,130 shares during the last quarter. Empowered Funds LLC lifted its holdings 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 buying an additional 1,281 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock worth $103,000 after buying an additional 1,329 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.