DLocal (NASDAQ:DLO) Stock Price Expected to Rise, Truist Financial Analyst Says

DLocal (NASDAQ:DLO) had its target price upped by analysts at Truist Financial from $15.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 20.74% from the company’s previous close.

A number of other brokerages have also recently commented on DLO. The Goldman Sachs Group reissued a “buy” rating and issued a $17.00 price target on shares of DLocal in a research report on Thursday, April 30th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st. Wall Street Zen cut DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $17.50.

DLocal Price Performance

NASDAQ:DLO opened at $14.08 on Friday. DLocal has a one year low of $9.81 and a one year high of $16.78. The company’s 50-day simple moving average is $12.98 and its 200 day simple moving average is $13.06. The firm has a market capitalization of $4.15 billion, a P/E ratio of 22.35 and a beta of 0.97.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s revenue was up 54.9% compared to the same quarter last year. On average, equities research analysts expect that DLocal will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, Director William Rodney Pruett bought 20,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were purchased at an average price of $11.85 per share, for a total transaction of $237,000.00. Following the completion of the purchase, the director owned 108,043 shares in the company, valued at approximately $1,280,309.55. This represents a 22.72% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sebastian Kanovich sold 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the completion of the transaction, the director owned 1,000,000 shares in the company, valued at approximately $14,630,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by insiders.

Institutional Trading of DLocal

Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $26,000 after purchasing an additional 975 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of DLocal in the third quarter worth $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of DLocal during the fourth quarter valued at $40,000. Banque Cantonale Vaudoise bought a new position in shares of DLocal during the first quarter valued at $42,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of DLocal during the fourth quarter valued at $95,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

About DLocal

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.