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

DLocal (NASDAQ:DLO) had its price target decreased by Barclays from $10.00 to $9.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms also recently commented on DLO. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna raised their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Trading Up 3.3 %

NASDAQ:DLO opened at $9.74 on Monday. DLocal has a 12 month low of $6.57 and a 12 month high of $18.27. The firm has a fifty day simple moving average of $12.16 and a 200-day simple moving average of $10.43. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.88 billion, a P/E ratio of 24.35, a PEG ratio of 3.09 and a beta of 0.90.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. On average, equities research analysts anticipate that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC increased its holdings in DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after buying an additional 929 shares in the last quarter. Mariner LLC grew its position in shares of DLocal by 6.0% in the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock valued at $273,000 after purchasing an additional 1,365 shares during the period. Lane Generational LLC grew its position in shares of DLocal by 0.4% in the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock valued at $4,642,000 after purchasing an additional 1,717 shares during the period. Wells Fargo & Company MN grew its position in shares of DLocal by 398.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the period. Finally, Activest Wealth Management grew its position in shares of DLocal by 265,600.0% in the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

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.