DLocal (NASDAQ:DLO) Upgraded at Wall Street Zen

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

Other research analysts also recently issued reports about the company. Morgan Stanley set a $15.00 target price on DLocal in a research note on Thursday, August 14th. Citigroup began coverage on DLocal in a research note on Tuesday, May 27th. They set a “buy” rating and a $14.60 target price for the company. UBS Group reiterated a “neutral” rating and set a $10.00 price target (up from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. HSBC upgraded DLocal from a “hold” rating to a “buy” rating and boosted their price target for the stock from $11.50 to $15.00 in a research report on Thursday, August 14th. Finally, Susquehanna boosted their price target on DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.73.

DLocal Trading Down 0.4%

Shares of DLO stock opened at $13.36 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 27.83 and a beta of 1.13. The stock has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $10.62. DLocal has a 1-year low of $7.61 and a 1-year high of $16.44.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $256.50 million during the quarter, compared to the consensus estimate of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The business’s quarterly revenue was up 49.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. DLocal has set its FY 2025 guidance at EPS. On average, equities research analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Trading of DLocal

Several large investors have recently added to or reduced their stakes in DLO. Wells Fargo & Company MN grew its holdings in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after buying an additional 1,797 shares in the last quarter. Northern Trust Corp purchased a new stake in DLocal in the 4th quarter valued at $1,401,000. Ameriprise Financial Inc. grew its holdings in DLocal by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 422,239 shares of the company’s stock valued at $4,754,000 after buying an additional 7,029 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in DLocal in the 4th quarter valued at $5,720,000. Finally, J. Goldman & Co LP grew its holdings in DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after buying an additional 860,681 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.