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

DLocal Limited (NASDAQ:DLO) has received an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.50.

DLO has been the subject of a number of research analyst 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 report on Tuesday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 29th. Bank of America boosted 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. Citigroup dropped their price objective on DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Finally, Susquehanna reduced their target price on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th.

DLocal Trading Down 0.7 %

Shares of NASDAQ:DLO opened at $8.92 on Monday. DLocal has a 52 week low of $6.57 and a 52 week high of $23.00. The company’s 50 day moving average is $7.98 and its two-hundred day moving average is $11.61. The company has a market cap of $2.64 billion, a PE ratio of 20.27, a P/E/G ratio of 0.80 and a beta of 0.74. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $203.18 million. DLocal had a return on equity of 35.20% and a net margin of 18.83%. DLocal’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. Equities analysts predict that DLocal will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in shares of DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of DLocal by 24.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after acquiring an additional 870 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of DLocal in the first quarter valued at about $152,000. Newfoundland Capital Management acquired a new position in shares of DLocal during the fourth quarter worth about $212,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in DLocal during the first quarter worth about $218,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.