DLocal (NASDAQ:DLO) Upgraded to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of DLocal (NASDAQ:DLO) from a buy rating to a strong-buy rating in a report released on Saturday.

A number of other brokerages have also commented on DLO. Truist Financial upped their target price on DLocal from $12.00 to $14.00 and gave the company a “hold” rating in a research note on Friday, August 22nd. HSBC upgraded DLocal from a “hold” rating to a “buy” rating and upped their target price for the company from $11.50 to $15.00 in a research note on Thursday, August 14th. Hsbc Global Res upgraded DLocal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 14th. Morgan Stanley set a $15.00 target price on DLocal in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group set a $19.00 target price on DLocal and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

DLocal Stock Down 1.9%

DLO opened at $15.11 on Friday. DLocal has a 1-year low of $7.61 and a 1-year high of $16.78. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 31.48 and a beta of 1.13. The business has a 50 day moving average of $14.25 and a 200-day moving average of $11.58.

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

Institutional Trading of DLocal

Several large investors have recently made changes to their positions in DLO. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company’s stock worth $34,000 after purchasing an additional 3,477 shares during the last quarter. Krane Funds Advisors LLC grew its holdings in shares of DLocal by 86.3% during the first quarter. Krane Funds Advisors LLC now owns 19,150 shares of the company’s stock worth $160,000 after purchasing an additional 8,870 shares during the last quarter. Penserra Capital Management LLC grew its holdings in shares of DLocal by 1.8% during the first quarter. Penserra Capital Management LLC now owns 118,752 shares of the company’s stock worth $990,000 after purchasing an additional 2,078 shares during the last quarter. Lane Generational LLC grew its holdings in shares of DLocal by 27.5% during the first quarter. Lane Generational LLC now owns 525,530 shares of the company’s stock worth $4,383,000 after purchasing an additional 113,297 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of DLocal by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,658 shares of the company’s stock worth $197,000 after purchasing an additional 2,375 shares during the last quarter. 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.