DLocal Limited (NASDAQ:DLO) Receives Consensus “Buy” Recommendation From Analysts
Shares of DLocal Limited (NASDAQ:DLO – Get Rating) received a consensus “Buy” recommendation from the twelve brokerages that cover the company, MarketBeat reports. Six equity research analysts rated the stock with a hold recommendation and six gave the company a buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is $46.64.
A number of research companies have recently commented on DLO. Sumitomo Mitsui Financial Group began covering DLocal in a research report on Thursday, January 27. They set a “neutral” rating and a price target of $32.00 on the stock. Piper Sandler began DLocal coverage in a research report on Wednesday, April 13. They set an “overweight” rating and a price target of $34.00 on the stock. Zacks Investment Research upgraded DLocal from a “sell” rating to a “hold” rating in a Wednesday, March 9 research report. Citigroup cut its price target on DLocal from $45.00 to $31.00 and set a “neutral” rating on the stock in a Wednesday, Jan. 26 research report. Finally, UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lowered its price target for the stock from $69.00 to $44.00 in a Thursday research report. February 10. They noted that the move was a review call.
Shares of DLO opened at $24.27 on Friday. DLocal has a 1 year minimum of $22.21 and a 1 year maximum of $73.43. The company has a debt ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.81. The stock has a 50-day simple moving average of $29.89 and a 200-day simple moving average of $35.21.
DLocal (NASDAQ:DLO – Get Rating) last released its results on Monday, March 14. The company reported earnings per share (EPS) of $0.08 for the quarter, beating the Zacks consensus estimate of $0.07 by $0.01. DLocal had a return on equity of 35.51% and a net margin of 31.90%. The company posted revenue of $76.26 million in the quarter, compared to $74.17 million expected by analysts. The company’s revenue increased 120.1% year over year. As a group, research analysts expect DLocal to post 0.41 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Bond Capital Management LP bought a new position in shares of DLocal in Q1 worth $57,987,000. Sara Bay Financial increased its position in DLocal shares by 12.4% in the 1st quarter. Sara Bay Financial now owns 88,587 shares of the company worth $2,769,000 after purchasing an additional 9,801 shares in the last quarter. First Advisors Inc. Securities bought a new position in DLocal shares in the 4th quarter at a value of $581,000. Constellation Investimentos e Participacoes Ltda bought a new position in shares of DLocal in Q4 worth $929,000. Finally, William Blair Investment Management LLC increased its position in DLocal shares by 107.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,695,136 shares of the company worth $96,189,000 after purchasing an additional 1,396,194 shares in the last quarter. Institutional investors and hedge funds own 74.14% of the company’s shares.
Local business profile (Get a rating)
DLocal Limited operates a worldwide payment platform. Its platform enables enterprise merchants to connect with consumers in emerging markets, accept payments, send payments and settle funds. The company serves customers in various industries, such as SaaS, shared economy and marketplaces, online retail, digital media, financial services, travel and tourism.
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