DLocal (NASDAQ:DLO) Raised to Neutral at UBS Group

DLocal (NASDAQ:DLO) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a research report issued on Thursday, Briefing.com reports. The brokerage currently has a $9.00 price target on the stock, down from their previous price target of $13.00. UBS Group’s price target points to a potential upside of 20.32% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Susquehanna restated a “positive” rating and issued a $21.00 price objective on shares of DLocal in a research report on Wednesday, May 15th. Citigroup cut their price target on DLocal from $17.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. JPMorgan Chase & Co. cut their price target on DLocal from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. The Goldman Sachs Group cut their price target on DLocal from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Bank of America cut their price target on DLocal from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, DLocal currently has an average rating of “Hold” and a consensus target price of $15.61.

DLocal Stock Performance

DLO stock opened at $7.48 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.61. The company has a 50 day moving average price of $11.65 and a 200 day moving average price of $14.97. DLocal has a fifty-two week low of $7.30 and a fifty-two week high of $24.22. The stock has a market capitalization of $2.21 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). DLocal had a return on equity of 35.20% and a net margin of 18.83%. The company had revenue of $184.43 million during the quarter, compared to the consensus estimate of $195.24 million. Analysts forecast that DLocal will post 0.44 EPS for the current year.

Institutional Trading of DLocal

Large investors have recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC increased its position 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 valued at $78,000 after buying an additional 870 shares in the last quarter. Citigroup Inc. increased its position in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after buying an additional 1,378 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of DLocal in the 1st quarter valued at $152,000. OneAscent Wealth Management LLC bought a new position in DLocal during the 4th quarter worth about $185,000. Finally, Newfoundland Capital Management bought a new position in DLocal during the 4th quarter worth about $212,000. Institutional investors 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.