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

Shares of DLocal Limited (NASDAQ:DLO) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.38.

Several equities analysts recently weighed in on DLO shares. JPMorgan Chase & Co. dropped their price objective on DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research note on Monday, April 1st. The Goldman Sachs Group dropped their price objective on DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, March 20th. HSBC dropped their price objective on DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, April 5th. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $24.00 in a research note on Tuesday, January 9th. Finally, Barclays dropped their price target on DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st.

Institutional Investors Weigh In On DLocal

Hedge funds have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of DLocal during the third quarter worth $67,000. Citigroup Inc. boosted its holdings in shares of DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after purchasing an additional 1,378 shares during the last quarter. Ridgewood Investments LLC acquired a new position in DLocal in the first quarter valued at $152,000. OneAscent Wealth Management LLC acquired a new position in DLocal in the fourth quarter valued at $185,000. Finally, Newfoundland Capital Management acquired a new position in DLocal in the fourth quarter valued at $212,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 0.6 %

DLO opened at $14.36 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The business has a 50 day simple moving average of $15.97 and a 200-day simple moving average of $16.96. The stock has a market capitalization of $4.25 billion, a P/E ratio of 29.31, a P/E/G ratio of 0.95 and a beta of 0.96. DLocal has a 12 month low of $9.04 and a 12 month high of $24.22.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a net margin of 22.92% and a return on equity of 40.57%. The firm had revenue of $188.01 million during the quarter, compared to analysts’ expectations of $169.85 million. On average, equities analysts anticipate that DLocal will post 0.59 earnings per share for the current fiscal year.

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.