DLocal (DLO) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for DLocal (NASDAQ: DLO):

  • 5/29/2024 – DLocal had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $14.00. They now have a “neutral” rating on the stock.
  • 5/20/2024 – DLocal had its price target lowered by analysts at Barclays PLC from $17.00 to $14.00. They now have an “equal weight” rating on the stock.
  • 5/16/2024 – DLocal had its price target lowered by analysts at Bank of America Co. from $18.00 to $15.00. They now have a “neutral” rating on the stock.
  • 5/15/2024 – DLocal had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $21.00 price target on the stock.
  • 5/15/2024 – DLocal had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $18.00 to $16.00. They now have a “buy” rating on the stock.
  • 4/19/2024 – DLocal is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $17.00 price target on the stock.
  • 4/5/2024 – DLocal had its price target lowered by analysts at HSBC Holdings plc from $19.00 to $17.00. They now have a “hold” rating on the stock.
  • 4/1/2024 – DLocal had its price target lowered by analysts at JPMorgan Chase & Co. from $17.50 to $17.00. They now have a “neutral” rating on the stock.

DLocal Price Performance

NASDAQ:DLO traded down $0.18 during mid-day trading on Wednesday, reaching $9.25. 1,023,959 shares of the stock were exchanged, compared to its average volume of 1,425,857. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $13.84 and a 200 day moving average price of $16.01. DLocal Limited has a 1-year low of $9.11 and a 1-year high of $24.22. The firm has a market capitalization of $2.74 billion, a PE ratio of 21.02, a PEG ratio of 0.95 and a beta of 0.94.

DLocal (NASDAQ:DLOGet Free Report) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $188.01 million during the quarter, compared to analyst estimates of $169.85 million. DLocal had a return on equity of 35.20% and a net margin of 18.83%. Research analysts expect that DLocal Limited will post 0.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DLO. Artal Group S.A. increased its holdings in shares of DLocal by 50.0% in the 1st quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock valued at $441,000 after purchasing an additional 10,000 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in DLocal in the 1st quarter valued at approximately $218,000. Absolute Gestao de Investimentos Ltda. acquired a new position in DLocal in the 1st quarter valued at approximately $9,949,000. Consolidated Press International Holdings Ltd lifted its position in DLocal by 5.8% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock worth $3,912,000 after buying an additional 14,499 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of DLocal by 7.8% during the 1st quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock valued at $3,033,000 after buying an additional 14,864 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.

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