Brokerages Set DLocal Limited (NASDAQ:DLO) PT at $12.61

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $12.61.

DLO has been the topic of a number of recent analyst reports. Bank of America increased their target price on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Barclays raised their price target on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Finally, Susquehanna lowered their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DLO. Main Management ETF Advisors LLC bought a new position in shares of DLocal in the 3rd quarter worth $888,000. State Street Corp lifted its stake in shares of DLocal by 1.4% during the third quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after buying an additional 6,992 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of DLocal by 22.3% during the third quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company’s stock valued at $1,030,000 after buying an additional 23,480 shares during the last quarter. Centiva Capital LP increased its position in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after acquiring an additional 71,892 shares during the period. Finally, PDT Partners LLC raised its stake in DLocal by 1,430.1% in the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after acquiring an additional 336,131 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Price Performance

DLO stock opened at $11.87 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a 12 month low of $6.57 and a 12 month high of $18.76. The stock has a market cap of $3.51 billion, a PE ratio of 28.14, a P/E/G ratio of 3.27 and a beta of 0.89. The company has a 50-day moving average price of $9.48 and a 200 day moving average price of $8.65.

DLocal (NASDAQ:DLO) last released its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that DLocal will post 0.47 earnings per share for the current year.

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.