The Goldman Sachs Group Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO) had its price target boosted by The Goldman Sachs Group from $9.00 to $10.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target points to a potential downside of 23.27% from the company’s previous close.

DLO has been the subject of several other reports. Susquehanna increased their price objective on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Barclays increased their target price on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, DLocal has a consensus rating of “Hold” and an average price target of $11.81.

DLocal Price Performance

NASDAQ DLO traded down $0.01 during trading hours on Thursday, reaching $13.03. The company’s stock had a trading volume of 291,725 shares, compared to its average volume of 743,306. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 3.17 and a beta of 0.90. DLocal has a 1-year low of $6.57 and a 1-year high of $18.27. The company’s 50-day moving average is $11.97 and its two-hundred day moving average is $9.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

DLocal (NASDAQ:DLO) last released its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.16 earnings per share. On average, equities analysts predict that DLocal will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its position in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares during the period. PEAK6 Investments LLC purchased a new position in shares of DLocal during the third quarter worth $488,000. JPMorgan Chase & Co. grew its stake in shares of DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after buying an additional 280,607 shares in the last quarter. Centiva Capital LP raised its holdings in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after buying an additional 71,892 shares during the period. Finally, State Street Corp lifted its stake in DLocal by 1.4% during the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after acquiring an additional 6,992 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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.