Analysts Set DLocal Limited (NASDAQ:DLO) Price Target at $15.78

Shares of DLocal Limited (NASDAQ:DLO) have received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.7778.

Several equities research analysts have recently commented on the company. The Goldman Sachs Group set a $19.00 price objective on DLocal and gave the company a “buy” rating in a report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research note on Wednesday, October 8th. Citigroup upped their price objective on shares of DLocal from $14.60 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Truist Financial set a $16.00 price objective on shares of DLocal and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, UBS Group boosted their target price on shares of DLocal from $10.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in DLocal by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,793 shares of the company’s stock worth $354,000 after purchasing an additional 837 shares during the period. Geode Capital Management LLC increased its holdings in shares of DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after buying an additional 1,130 shares during the last quarter. Empowered Funds LLC increased its stake in DLocal by 2.7% in the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock valued at $406,000 after acquiring an additional 1,281 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of DLocal by 17.1% during the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company’s stock valued at $103,000 after purchasing an additional 1,329 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in DLocal in the third quarter worth approximately $26,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Price Performance

Shares of NASDAQ DLO opened at $14.11 on Friday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 25.20 and a beta of 1.13. The firm’s 50-day moving average price is $14.07 and its 200-day moving average price is $12.92. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.01. DLocal has a 1-year low of $7.61 and a 1-year high of $16.78.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, October 30th. The company reported $0.17 EPS for the quarter. DLocal had a return on equity of 37.66% and a net margin of 17.80%.The business had revenue of $282.48 million during the quarter. Equities research analysts anticipate that DLocal will post 0.47 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.