Barclays Cuts DLocal (NASDAQ:DLO) Price Target to $9.00

DLocal (NASDAQ:DLO - Get Free Report) had its target price reduced by Barclays from $10.00 to $9.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price points to a potential downside of 7.88% from the company's previous close.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Susquehanna upped their target price on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a report on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.94.

DLocal Stock Up 2.2 %

Shares of NASDAQ DLO traded up $0.21 during mid-day trading on Monday, hitting $9.77. The company had a trading volume of 2,285,329 shares, compared to its average volume of 1,334,250. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $10.43. The company has a market capitalization of $2.89 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. DLocal has a one year low of $6.57 and a one year high of $18.27.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. On average, equities analysts expect that DLocal will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DLO. Azora Capital LP acquired a new position in shares of DLocal during the 4th quarter worth approximately $37,144,000. Baillie Gifford & Co. grew its position in DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after buying an additional 1,360,183 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in DLocal during the 4th quarter worth $25,099,000. J. Goldman & Co LP increased its stake in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after acquiring an additional 860,681 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in DLocal by 82.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock valued at $11,125,000 after acquiring an additional 445,549 shares in 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.