DLocal Limited (NASDAQ:DLO) Stock Has Consensus Price Target of $19.20 According to Analysts

Shares of DLocal Limited (NASDAQ:DLO) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $19.20.

A number of brokerages have recently commented on DLO. Weiss Ratings upgraded shares of DLocal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Finally, Truist Financial lifted their target price on shares of DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th.

Insider Buying and Selling at DLocal

In other news, Director Sebastian Kanovich sold 72,753 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the sale, the director owned 4,700 shares in the company, valued at $73,038. This trade represents a 93.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 45.44% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DLocal

Large investors have recently added to or reduced their stakes in the business. Atmos Capital Gestao DE Recursos LTDA. acquired a new stake in DLocal in the 4th quarter worth about $27,064,000. Azora Capital LP acquired a new position in shares of DLocal during the 4th quarter valued at about $21,888,000. Wellington Management Group LLP acquired a new position in shares of DLocal during the 2nd quarter valued at about $19,399,000. Hsbc Holdings PLC purchased a new position in shares of DLocal during the 1st quarter worth about $18,037,000. Finally, Bond Capital Management LP acquired a new stake in shares of DLocal in the second quarter worth approximately $12,048,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Up 1.5%

DLO opened at $15.23 on Friday. The firm has a market cap of $4.49 billion, a P/E ratio of 22.73 and a beta of 0.86. The business’s fifty day simple moving average is $14.62 and its 200 day simple moving average is $13.68. DLocal has a 52 week low of $10.64 and a 52 week high of $16.78.

DLocal (NASDAQ:DLO) last announced its earnings results on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $399.66 million during the quarter, compared to the consensus estimate of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The firm’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, equities analysts expect that DLocal will post 0.81 EPS for the current fiscal year.

DLocal Company Profile

dLocal is a global payments technology company that provides businesses with access to consumers in emerging markets. Its platform enables international merchants to accept local payments, send funds, and manage cross-border transactions through a single integration, helping reduce the complexity of working with multiple payment methods, currencies, and financial systems.

The company’s services include pay-ins, which allow consumers to purchase goods and services using locally preferred payment methods, and payouts, which enable businesses to distribute funds to customers, workers, sellers, and other recipients.