DLocal (NASDAQ:DLO) Rating Lowered to Hold at Wall Street Zen

DLocal (NASDAQ:DLO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on DLO. JPMorgan Chase & Co. lowered their price target on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Truist Financial cut their price objective on shares of DLocal from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Itau BBA Securities started coverage on shares of DLocal in a research report on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

DLocal Stock Performance

DLocal stock opened at $12.27 on Friday. DLocal has a twelve month low of $7.61 and a twelve month high of $16.78. The firm has a market cap of $3.62 billion, a PE ratio of 19.17 and a beta of 1.14. The firm’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $13.68.

DLocal (NASDAQ:DLO) last issued its earnings results on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The company had revenue of $337.89 million during the quarter, compared to analyst estimates of $294.29 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 65.2% on a year-over-year basis. Equities analysts anticipate that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its position in DLocal by 114.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after purchasing an additional 975 shares during the period. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in DLocal during the fourth quarter valued at approximately $27,064,000. Vident Advisory LLC raised its position in shares of DLocal by 9.0% in the fourth quarter. Vident Advisory LLC now owns 25,943 shares of the company’s stock valued at $367,000 after purchasing an additional 2,142 shares during the period. SummitTX Capital L.P. acquired a new stake in shares of DLocal in the fourth quarter worth $387,000. Finally, Azora Capital LP acquired a new stake in shares of DLocal in the fourth quarter worth $21,888,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.