Brokerages Set DLocal Limited (NASDAQ:DLO) PT at $12.50

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

DLO has been the topic of several recent research reports. Susquehanna decreased their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Bank of America lifted their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, Barclays dropped their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th.

Hedge Funds Weigh In On DLocal

Several large investors have recently made changes to their positions in the company. Fourth Sail Capital LP raised its holdings in DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after purchasing an additional 906,561 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of DLocal during the second quarter worth $157,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in DLocal by 16.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 223,581 shares of the company’s stock valued at $3,369,000 after purchasing an additional 30,900 shares during the last quarter. Sylebra Capital LLC bought a new position in DLocal during the 2nd quarter worth approximately $13,565,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in DLocal in the second quarter valued at about $226,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Price Performance

NASDAQ DLO opened at $8.65 on Friday. The stock has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $8.88. DLocal has a twelve month low of $6.57 and a twelve month high of $19.45. The stock has a market capitalization of $2.56 billion, a PE ratio of 19.66, a P/E/G ratio of 3.89 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. DLocal’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Research analysts anticipate that DLocal will post 0.42 EPS 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.