DLocal Limited (NASDAQ:DLO) Given Average Rating of “Hold” by Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have been given an average recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $12.61.

Separately, Barclays lifted their price target on DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th.

DLocal Price Performance

Shares of NASDAQ DLO opened at $11.68 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.46 billion, a PE ratio of 29.20, a P/E/G ratio of 3.36 and a beta of 0.89. DLocal has a 1-year low of $6.57 and a 1-year high of $18.76. The business’s fifty day moving average price is $10.54 and its two-hundred day moving average price is $9.03.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. During the same period last year, the firm posted $0.16 EPS. DLocal’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts expect that DLocal will post 0.47 EPS for the current year.

Institutional Trading of DLocal

Institutional investors have recently modified their holdings of the company. Quarry LP raised its position in DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of DLocal in the 3rd quarter worth approximately $109,000. Krane Funds Advisors LLC acquired a new stake in DLocal during the second quarter valued at approximately $122,000. Aigen Investment Management LP bought a new stake in DLocal during the third quarter worth approximately $152,000. Finally, Squarepoint Ops LLC bought a new stake in DLocal during the second quarter worth approximately $157,000. Institutional investors and hedge funds 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.