DLocal Limited (NASDAQ:DLO) Given Consensus Rating of “Hold” by Brokerages

DLocal Limited (NASDAQ:DLO) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.61.

Separately, Barclays increased their price objective on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th.

Institutional Trading of DLocal

Institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in DLocal by 6.7% in the third quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock valued at $379,000 after purchasing an additional 2,989 shares in the last quarter. Quarry LP grew its holdings in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after acquiring an additional 3,599 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of DLocal by 5.3% in the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock valued at $994,000 after acquiring an additional 6,220 shares in the last quarter. State Street Corp increased its position in shares of DLocal by 1.4% in the third quarter. State Street Corp now owns 511,252 shares of the company’s stock valued at $4,090,000 after acquiring an additional 6,992 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in DLocal by 0.8% during the third quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after acquiring an additional 9,340 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Down 1.8 %

Shares of DLocal stock opened at $11.47 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89. 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 business has a 50-day moving average of $10.65 and a two-hundred day moving average of $9.09. DLocal has a 1 year low of $6.57 and a 1 year high of $18.76.

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 the consensus estimate of $0.09. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. DLocal’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities analysts predict that DLocal will post 0.47 EPS for the current year.

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.