DLocal (NASDAQ:DLO - Get Free Report) had its price target upped by equities researchers at Barclays from $9.00 to $10.00 in a report issued on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target indicates a potential downside of 15.33% from the stock's current price.
DLocal Stock Up 1.9 %
Shares of DLO stock traded up $0.22 on Friday, reaching $11.81. 632,332 shares of the company were exchanged, compared to its average volume of 918,214. DLocal has a one year low of $6.57 and a one year high of $18.27. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.69 and a beta of 0.87. The company has a 50-day moving average of $11.23 and a 200-day moving average of $9.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.
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 the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. The company's quarterly revenue was up 13.4% on a year-over-year basis. Analysts anticipate that DLocal will post 0.47 earnings per share for the current year.
Institutional Investors Weigh In On DLocal
Institutional investors have recently bought and sold shares of the stock. Quarry LP lifted its position in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of DLocal during the third quarter valued at approximately $109,000. Aigen Investment Management LP bought a new stake in DLocal during the third quarter worth $152,000. Squarepoint Ops LLC purchased a new position in DLocal in the second quarter worth $157,000. Finally, GW Henssler & Associates Ltd. bought a new position in DLocal in the 3rd quarter valued at $170,000. Institutional investors own 90.13% of the company's stock.
About DLocal
(
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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.
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