DLocal Limited (NASDAQ:DLO) Given Average Recommendation of "Hold" by Analysts

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.50.

A number of research analysts recently weighed in on the company. Barclays reduced their target price on DLocal from $14.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 6th. Bank of America lifted their price target on shares of DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Finally, Susquehanna dropped their price objective on shares of DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a research report on Thursday, August 15th.

DLocal Stock Up 0.1 %

Shares of NASDAQ DLO traded up $0.01 during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 860,082 shares, compared to its average volume of 1,043,076. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal has a 52-week low of $6.57 and a 52-week high of $19.45. The stock has a market cap of $2.49 billion, a P/E ratio of 19.09, a PEG ratio of 4.00 and a beta of 0.74. The firm has a 50 day simple moving average of $8.61 and a two-hundred day simple moving average of $9.00.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. The firm had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. Sell-side analysts predict that DLocal will post 0.42 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several institutional investors have recently made changes to their positions in DLO. Quarry LP boosted its holdings in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new stake in DLocal during the 3rd quarter valued at approximately $109,000. Ridgewood Investments LLC boosted its stake in DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after acquiring an additional 3,293 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in DLocal in the first quarter worth $218,000. Finally, Krane Funds Advisors LLC bought a new stake in shares of DLocal during the second quarter valued at approximately $122,000. Hedge funds and other institutional investors 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.