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

Shares of DLocal Limited (NASDAQ:DLO) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.61.

Separately, Barclays lifted their price target on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th.

DLocal Stock Performance

DLO opened at $11.50 on Friday. The firm’s fifty day simple moving average is $10.40 and its two-hundred day simple moving average is $8.95. DLocal has a 52-week low of $6.57 and a 52-week high of $18.76. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 3.36 and a beta of 0.89. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Krane Funds Advisors LLC acquired a new stake in shares of DLocal during the 2nd quarter worth approximately $122,000. Fourth Sail Capital LP grew its position in DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after acquiring an additional 906,561 shares during the period. Garden State Investment Advisory Services LLC acquired a new stake in DLocal during the second quarter worth $226,000. Squarepoint Ops LLC purchased a new stake in DLocal in the second quarter valued at $157,000. Finally, Millennium Management LLC lifted its stake in shares of DLocal by 151.2% in the 2nd 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 during the last quarter. Hedge funds and other 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.