DLocal (NASDAQ:DLO) Stock Price Expected to Rise, Barclays Analyst Says

DLocal (NASDAQ:DLO) had its target price upped by Barclays from $9.00 to $10.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

DLocal Stock Up 1.9 %

DLO opened at $11.81 on Friday. The business has a 50 day moving average price of $11.23 and a two-hundred day moving average price of $9.33. 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 market cap of $3.50 billion, a PE ratio of 29.53, a P/E/G ratio of 2.69 and a beta of 0.87. DLocal has a 52 week low of $6.57 and a 52 week high of $18.27.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. As a group, research analysts anticipate that DLocal will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in DLO. Sylebra Capital LLC acquired a new position in DLocal during the 2nd quarter worth approximately $13,565,000. Millennium Management LLC increased its position in DLocal by 151.2% during the 2nd 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 period. PDT Partners LLC increased its position in DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after purchasing an additional 336,131 shares during the period. JPMorgan Chase & Co. increased its position in DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after purchasing an additional 280,607 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after acquiring an additional 175,116 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.