DLocal Limited (NASDAQ:DLO) Receives Consensus Recommendation of “Hold” from Analysts

DLocal Limited (NASDAQ:DLO) has been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $55.50.

Several brokerages have recently issued reports on DLO. New Street Research began coverage on shares of DLocal in a research note on Friday, August 6th. They issued a “neutral” rating and a $50.00 price objective on the stock. Zacks Investment Research downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, October 25th. HSBC raised their price objective on shares of DLocal from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, August 19th. Finally, The Goldman Sachs Group lifted their price target on shares of DLocal from $30.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 25th.

NASDAQ:DLO opened at $33.67 on Thursday. DLocal has a 12 month low of $29.57 and a 12 month high of $73.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 1.81. The company has a 50 day moving average price of $51.90.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Monday, November 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.13 million. The business’s quarterly revenue was up 122.0% on a year-over-year basis. Analysts predict that DLocal will post 0.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. General Atlantic L.P. acquired a new stake in shares of DLocal during the second quarter worth approximately $3,277,987,000. FMR LLC acquired a new stake in shares of DLocal during the second quarter worth approximately $316,295,000. Jennison Associates LLC increased its holdings in shares of DLocal by 147.9% during the third quarter. Jennison Associates LLC now owns 5,219,249 shares of the company’s stock worth $284,762,000 after buying an additional 3,114,200 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of DLocal during the second quarter worth approximately $148,282,000. Finally, BlackRock Inc. acquired a new stake in shares of DLocal during the second quarter worth approximately $87,720,000. Hedge funds and other institutional investors own 67.41% of the company’s stock.

About DLocal

DLocal Limited operates a payments platform worldwide. Its platform enables enterprise merchants to connect with consumers in emerging markets, accept payments, send payouts, and settle funds. The company serves customers in various industries, such as SaaS, shared economy and marketplaces, online retail, digital media, financial services, and travel and tourism.

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Analyst Recommendations for DLocal (NASDAQ:DLO)

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