Barclays Forecasts Strong Price Appreciation for DLocal (NASDAQ:DLO) Stock

DLocal (NASDAQ:DLO) had its price target upped by investment analysts at Barclays from $8.00 to $9.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential downside of 16.67% from the company’s previous close.

DLO has been the topic of several other research reports. Bank of America lifted their target price 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. Susquehanna reduced their price target on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.61.

DLocal Trading Up 2.2 %

Shares of DLO opened at $10.80 on Monday. DLocal has a 52-week low of $6.57 and a 52-week high of $19.45. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $8.79 and its two-hundred day moving average is $8.70. The stock has a market cap of $3.20 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 2.87 and a beta of 0.74.

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

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fourth Sail Capital LP raised its holdings in DLocal by 60.8% in the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after buying an additional 906,561 shares during the period. Sylebra Capital LLC purchased a new stake in DLocal during the second quarter worth about $13,565,000. Baillie Gifford & Co. increased its stake in DLocal by 0.8% during the third quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after purchasing an additional 9,340 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new stake in DLocal during the first quarter worth about $9,949,000. Finally, Millennium Management LLC increased its stake in DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after purchasing an additional 387,762 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.