DLocal Limited (NASDAQ:DLO) Stock Has Average Price Target of $19.00

DLocal Limited (NASDAQ:DLO) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $19.00.

A number of research analysts have weighed in on DLO shares. Truist Financial decreased their target price on shares of DLocal from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. The Goldman Sachs Group upped their price target on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings cut DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of DLocal by 0.3% during the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock valued at $52,831,000 after acquiring an additional 13,536 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of DLocal in the second quarter valued at about $19,399,000. Tikvah Management LLC grew its holdings in shares of DLocal by 13.8% in the second quarter. Tikvah Management LLC now owns 1,420,822 shares of the company’s stock valued at $18,464,000 after purchasing an additional 172,500 shares during the period. Hsbc Holdings PLC acquired a new stake in DLocal during the first quarter worth about $18,037,000. Finally, Bond Capital Management LP acquired a new stake in DLocal during the second quarter worth about $12,048,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Stock Down 0.5%

DLocal stock opened at $13.18 on Wednesday. DLocal has a 52-week low of $10.64 and a 52-week high of $16.15. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.67 and a beta of 0.95. The company has a fifty day simple moving average of $14.55 and a 200-day simple moving average of $13.54.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The firm had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. During the same period last year, the firm posted $0.14 earnings per share. The company’s revenue for the quarter was up 55.9% on a year-over-year basis. On average, research analysts anticipate that DLocal will post 0.80 EPS for the current fiscal year.

DLocal Company Profile

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company’s services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.