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

Wall Street Zen upgraded shares of DLocal (NASDAQ:DLO) from a hold rating to a buy rating in a research report sent to investors on Sunday.

Several other equities research analysts also recently commented on DLO. Truist Financial decreased their price objective on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. The Goldman Sachs Group restated a “buy” rating and set a $17.00 price objective on shares of DLocal in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.78.

DLocal Stock Performance

Shares of DLO stock opened at $13.70 on Friday. The company has a market cap of $4.04 billion, a P/E ratio of 21.41 and a beta of 1.04. The stock has a 50 day simple moving average of $12.76 and a two-hundred day simple moving average of $13.45. DLocal has a fifty-two week low of $8.97 and a fifty-two week high of $16.78.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, March 19th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $337.89 million during the quarter, compared to the consensus estimate of $294.29 million. DLocal had a return on equity of 40.40% and a net margin of 18.00%.The firm’s revenue for the quarter was up 65.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts predict that DLocal will post 0.85 earnings per share for the current year.

DLocal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 annualized dividend and a dividend yield of 5.7%.

Institutional Investors Weigh In On DLocal

Several institutional investors have recently bought and sold shares of the stock. Cria Inc. bought a new stake in DLocal during the fourth quarter worth $56,560,000. Atmos Capital Gestao DE Recursos LTDA. bought a new stake in DLocal during the fourth quarter worth $54,128,000. Marshall Wace LLP grew its holdings in DLocal by 18.9% during the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company’s stock worth $51,792,000 after buying an additional 582,718 shares in the last quarter. Baillie Gifford & Co. grew its holdings in DLocal by 12.2% during the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after buying an additional 326,537 shares in the last quarter. Finally, Paradice Investment Management LLC grew its holdings in DLocal by 93.5% during the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock worth $27,479,000 after buying an additional 938,938 shares in the last quarter. Institutional investors 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.