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

Shares of DLocal Limited (NASDAQ:DLO) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.50.

A number of equities analysts recently issued reports on DLO shares. The Goldman Sachs Group lowered DLocal from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $16.00 to $8.00 in a report on Wednesday, June 26th. UBS Group raised DLocal from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $13.00 to $9.00 in a report on Thursday, June 20th. Susquehanna dropped their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Barclays reduced their target price on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Finally, Bank of America increased their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th.

Institutional Investors Weigh In On DLocal

Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asset Management L.P. boosted its position in DLocal by 2,014.9% during the second quarter. Point72 Asset Management L.P. now owns 105,320 shares of the company’s stock worth $852,000 after purchasing an additional 110,820 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of DLocal in the 2nd quarter worth about $13,565,000. Quarry LP grew its stake in DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after acquiring an additional 3,599 shares during the last quarter. Millennium Management LLC lifted 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 purchasing an additional 387,762 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of DLocal in the second quarter valued at approximately $157,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Down 4.0 %

DLocal stock opened at $8.92 on Tuesday. The stock’s fifty day moving average is $8.41 and its two-hundred day moving average is $9.83. The stock has a market cap of $2.64 billion, a PE ratio of 20.27, a P/E/G ratio of 4.26 and a beta of 0.76. DLocal has a 1-year low of $6.57 and a 1-year high of $19.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.50.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The firm had revenue of $171.30 million for the quarter, compared to the consensus estimate of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, sell-side analysts expect that DLocal will post 0.42 EPS for the current fiscal year.

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.