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

DLocal (NASDAQ:DLO) had its target price raised by Barclays from $8.00 to $9.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

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

DLocal Trading Up 1.6 %

Shares of DLocal stock opened at $10.81 on Monday. The firm has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $8.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $18.79. The company has a market cap of $3.20 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 3.13 and a beta of 0.74.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. During the same quarter in the prior year, the firm posted $0.16 EPS. DLocal’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts predict that DLocal will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Main Management ETF Advisors LLC acquired a new stake in shares of DLocal in the third quarter valued at approximately $888,000. State Street Corp grew its holdings in DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after buying an additional 6,992 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of DLocal by 22.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company’s stock worth $1,030,000 after acquiring an additional 23,480 shares during the last quarter. Centiva Capital LP raised its holdings in shares of DLocal by 317.8% during the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock worth $756,000 after acquiring an additional 71,892 shares during the period. Finally, PDT Partners LLC boosted its position in shares of DLocal by 1,430.1% during the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after acquiring an additional 336,131 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Company Profile

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.