DLocal (NASDAQ:DLO) Price Target Cut to $15.00 by Analysts at Truist Financial

DLocal (NASDAQ:DLO) had its price target decreased by equities research analysts at Truist Financial from $16.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 28.92% from the company’s current price.

Several other brokerages have also issued reports on DLO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. JPMorgan Chase & Co. dropped their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of DLocal in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.63.

DLocal Trading Down 0.8%

NASDAQ:DLO traded down $0.10 during trading hours on Wednesday, hitting $11.64. The company’s stock had a trading volume of 1,320,080 shares, compared to its average volume of 1,734,698. The stock has a market capitalization of $3.43 billion, a P/E ratio of 18.50 and a beta of 1.04. The stock has a fifty day moving average of $12.81 and a 200-day moving average of $13.20. DLocal has a 52-week low of $9.75 and a 52-week high of $16.78.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $335.86 million for the quarter, compared to analyst estimates of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business’s quarterly revenue was up 54.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. On average, sell-side analysts forecast that DLocal will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

A number of hedge funds have recently added to or reduced their stakes in DLO. Caitong International Asset Management Co. Ltd lifted its position in DLocal by 114.6% in the fourth 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 period. IFP Advisors Inc acquired a new stake in DLocal in the third quarter valued at about $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in DLocal in the fourth quarter valued at about $40,000. Banque Cantonale Vaudoise acquired a new stake in shares of DLocal during the 1st quarter valued at approximately $42,000. Finally, Jones Financial Companies Lllp lifted its position in shares of DLocal by 221.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock valued at $70,000 after acquiring an additional 3,316 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.