Brokerages Set DLocal Limited (NASDAQ:DLO) PT at $12.50

DLocal Limited (NASDAQ:DLO - Get Free Report) has been assigned an average recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.50.

DLO has been the subject of several recent research reports. Barclays lowered their price target on DLocal from $14.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 6th. Susquehanna decreased their target price on DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a research report on Thursday, August 15th. Bank of America upped their target price on DLocal from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. cut their price target on DLocal from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Wednesday, May 29th. Finally, Citigroup cut their price target on DLocal from $17.00 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, June 5th.

DLocal Stock Down 5.3 %

Shares of NASDAQ DLO traded down $0.46 during trading hours on Friday, hitting $8.16. The stock had a trading volume of 1,208,746 shares, compared to its average volume of 1,628,123. The company has a market capitalization of $2.42 billion, a P/E ratio of 18.55, a P/E/G ratio of 3.99 and a beta of 0.77. The firm's 50-day moving average price is $8.13 and its two-hundred day moving average price is $10.84. DLocal has a 52 week low of $6.57 and a 52 week high of $19.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wasatch Advisors LP raised its stake in DLocal by 35.3% during the fourth quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company's stock worth $63,550,000 after acquiring an additional 936,558 shares in the last quarter. Fourth Sail Capital LP raised its stake in DLocal by 78.4% during the first quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company's stock worth $21,921,000 after acquiring an additional 655,548 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of DLocal by 12.9% during the fourth quarter. 1832 Asset Management L.P. now owns 1,096,800 shares of the company's stock worth $19,402,000 after purchasing an additional 125,000 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of DLocal by 55.5% during the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company's stock worth $22,728,000 after purchasing an additional 552,104 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of DLocal during the fourth quarter worth $355,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.