Barclays Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO) had its price target hoisted by stock analysts at Barclays from $9.00 to $10.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 15.72% from the stock’s previous close.

DLocal Stock Performance

Shares of NASDAQ:DLO traded up $0.28 during trading on Friday, hitting $11.87. The company’s stock had a trading volume of 248,729 shares, compared to its average volume of 761,196. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 29.66, a P/E/G ratio of 2.69 and a beta of 0.87. The company has a 50-day moving average of $11.16 and a 200-day moving average of $9.31. DLocal has a 12 month low of $6.57 and a 12 month high of $18.27.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, sell-side analysts expect that DLocal will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

Hedge funds have recently modified their holdings of the company. Quarry LP lifted its stake in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new stake in DLocal during the third quarter valued at about $109,000. Aigen Investment Management LP purchased a new position in shares of DLocal in the third quarter valued at about $152,000. Squarepoint Ops LLC bought a new position in shares of DLocal in the second quarter worth about $157,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of DLocal during the third quarter worth about $170,000. 90.13% of the stock is currently 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.