DLocal Limited (NASDAQ:DLO) Given Consensus Recommendation of "Hold" by Brokerages

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have received an average rating of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.31.

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

DLocal Trading Up 3.7 %

Shares of NASDAQ:DLO traded up $0.32 during mid-day trading on Tuesday, reaching $8.89. 351,843 shares of the company's stock were exchanged, compared to its average volume of 1,586,326. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a twelve month low of $6.57 and a twelve month high of $16.24. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.09 and a beta of 0.99. The business's fifty day moving average price is $10.33 and its 200-day moving average price is $10.47.

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DLocal (NASDAQ:DLO - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $204.49 million for the quarter, compared to the consensus estimate of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. On average, research analysts predict that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after acquiring an additional 1,797 shares during the last quarter. 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 worth $30,000 after purchasing an additional 2,656 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of DLocal in the fourth quarter valued at approximately $55,000. R Squared Ltd purchased a new position in shares of DLocal during the fourth quarter valued at approximately $82,000. Finally, Virtu Financial LLC bought a new stake in DLocal during the fourth quarter worth $142,000. Institutional investors and hedge funds 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.