DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of "Hold" from Brokerages

DLocal Limited (NASDAQ:DLO - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.61.

DLO has been the subject of a number of recent research reports. Barclays lifted their price target on shares of DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Susquehanna lowered their price target 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. Finally, 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.

DLocal Trading Down 2.4 %

Shares of DLO stock traded down $0.27 on Wednesday, hitting $11.09. 988,232 shares of the company's stock traded hands, compared to its average volume of 1,601,970. 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 one year low of $6.57 and a one year high of $18.76. The company's fifty day simple moving average is $9.35 and its 200 day simple moving average is $8.61. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 3.35 and a beta of 0.89.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.09. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 EPS. Equities analysts forecast that DLocal will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

Several hedge funds have recently modified their holdings of the stock. Fourth Sail Capital LP increased its position in DLocal by 60.8% during the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company's stock valued at $19,398,000 after acquiring an additional 906,561 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of DLocal in the second quarter worth about $13,565,000. Baillie Gifford & Co. grew its holdings in shares of DLocal by 0.8% in the third quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company's stock worth $10,027,000 after purchasing an additional 9,340 shares during the last quarter. Millennium Management LLC grew its holdings in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company's stock worth $5,212,000 after purchasing an additional 387,762 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of DLocal by 1.4% in the third quarter. State Street Corp now owns 511,252 shares of the company's stock worth $4,090,000 after purchasing an additional 6,992 shares during the last quarter. Hedge funds and other 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.