DLocal Limited (NASDAQ:DLO) Given Average Recommendation of “Hold” by Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.50.

Several research firms have issued reports on DLO. Bank of America lifted their price target on DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Susquehanna cut their target price on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Finally, Barclays lowered their price objective on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th.

DLocal Trading Up 0.1 %

NASDAQ:DLO opened at $8.40 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50-day simple moving average is $8.62 and its 200-day simple moving average is $9.04. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $19.45. The stock has a market capitalization of $2.49 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 3.81 and a beta of 0.74.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts expect that DLocal will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares during the last quarter. International Assets Investment Management LLC bought a new position in DLocal in the 3rd quarter valued at about $109,000. Ridgewood Investments LLC lifted its position in DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after acquiring an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of DLocal during the first quarter worth approximately $218,000. Finally, Krane Funds Advisors LLC acquired a new position in shares of DLocal in the second quarter valued at approximately $122,000. 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.