Brokerages Set DLocal Limited (NASDAQ:DLO) Target Price at $11.94

Shares of DLocal Limited (NASDAQ:DLO) have been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.94.

A number of brokerages have issued reports on DLO. Barclays decreased their target price on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. The Goldman Sachs Group lifted their price objective on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Susquehanna increased their target price on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th.

DLocal Stock Performance

DLO opened at $8.62 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $2.55 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The business has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $10.45. DLocal has a 1 year low of $6.57 and a 1 year high of $18.27.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. Research analysts expect that DLocal will post 0.47 EPS for the current year.

Institutional Trading of DLocal

Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after acquiring an additional 1,797 shares during the last quarter. Activest Wealth Management lifted its stake in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in DLocal in the fourth quarter valued at approximately $55,000. R Squared Ltd acquired a new stake in DLocal in the fourth quarter valued at approximately $82,000. Finally, Virtu Financial LLC bought a new stake in shares of DLocal during the fourth quarter worth $142,000. 90.13% of the stock is owned by institutional investors and hedge funds.

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.