Susquehanna Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO - Free Report) had its price target lifted by Susquehanna from $14.00 to $16.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

Separately, Barclays upped their price objective on shares of DLocal from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, DLocal has an average rating of "Hold" and an average price target of $11.56.

DLocal Price Performance

Shares of DLO traded up $0.42 during mid-day trading on Wednesday, reaching $13.51. 921,406 shares of the company's stock were exchanged, compared to its average volume of 720,195. DLocal has a 52-week low of $6.57 and a 52-week high of $18.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $9.57. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.88 and a beta of 0.87.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million during the quarter, compared to analysts' expectations of $181.47 million. The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. On average, sell-side analysts predict that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management boosted 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 valued at $30,000 after purchasing an additional 2,656 shares during the period. Empowered Funds LLC boosted its position in DLocal by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company's stock valued at $379,000 after buying an additional 2,989 shares during the last quarter. Quarry LP grew its stake in shares of DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company's stock valued at $32,000 after acquiring an additional 3,599 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of DLocal by 5.3% during the third quarter. Penserra Capital Management LLC now owns 124,287 shares of the company's stock worth $994,000 after acquiring an additional 6,220 shares during the last quarter. Finally, State Street Corp lifted its stake 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 acquiring an additional 6,992 shares in 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.