DLocal (NASDAQ:DLO) Price Target Raised to $16.00

DLocal (NASDAQ:DLO) had its price objective raised by Susquehanna from $14.00 to $16.00 in a report released on Wednesday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Separately, Barclays increased their target price on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.56.

DLocal Stock Performance

NASDAQ:DLO opened at $13.09 on Wednesday. DLocal has a 12 month low of $6.57 and a 12 month high of $18.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $3.87 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 2.88 and a beta of 0.87. The business’s fifty day moving average price is $11.60 and its 200 day moving average price is $9.57.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million for 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 business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, sell-side analysts anticipate that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Large investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after buying an additional 387,762 shares during the last quarter. PDT Partners LLC raised its stake in DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares during the last quarter. JPMorgan Chase & Co. raised its stake in DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after acquiring an additional 280,607 shares during the last quarter. GSA Capital Partners LLP lifted its position in DLocal by 180.8% during 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. Finally, Main Management ETF Advisors LLC purchased a new position in shares of DLocal in the 3rd quarter valued at approximately $888,000. 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.