DLocal (NASDAQ:DLO) Price Target Raised to $9.00 at Barclays

DLocal (NASDAQ:DLO) had its price objective hoisted by Barclays from $8.00 to $9.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Susquehanna dropped their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Bank of America upped their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.61.

DLocal Price Performance

DLO stock opened at $10.57 on Monday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 4.58 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. DLocal has a 12-month low of $6.57 and a 12-month high of $19.45. The company’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $8.72.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $185.80 million for the quarter, compared to analyst estimates of $181.47 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that DLocal will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP grew its position in DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new stake in DLocal in the 3rd quarter worth about $109,000. Ridgewood Investments LLC grew its position in DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in DLocal in the 2nd quarter worth about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after purchasing an additional 3,101 shares in the last quarter. 90.13% of the stock is owned by institutional investors.

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.