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

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $11.31.

Several research firms recently issued reports on DLO. Susquehanna upped their price objective on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group raised their target price on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Barclays cut their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th.

DLocal Stock Down 2.4 %

NASDAQ DLO opened at $8.68 on Tuesday. The company has a market capitalization of $2.57 billion, a P/E ratio of 21.70, a PEG ratio of 3.09 and a beta of 0.99. 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 company’s 50 day simple moving average is $10.24 and its 200 day simple moving average is $10.49. DLocal has a 12 month low of $6.57 and a 12 month high of $15.99.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. Equities research analysts expect that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Institutional investors have recently bought and sold shares of the stock. Vident Advisory LLC lifted its holdings in shares of DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after acquiring an additional 929 shares during the period. Mariner LLC boosted its position in DLocal by 6.0% in the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock valued at $273,000 after buying an additional 1,365 shares in the last quarter. Lane Generational LLC grew its stake in DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after buying an additional 1,717 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after buying an additional 1,797 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after acquiring an additional 2,656 shares during the last quarter. 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.