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

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

A number of other analysts have also recently commented on DLO. Susquehanna dropped their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Bank of America upped their price target on shares of DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.61.

DLocal Stock Up 6.9 %

DLocal stock opened at $10.57 on Monday. DLocal has a twelve month low of $6.57 and a twelve month high of $19.45. The firm has a 50 day moving average price of $8.74 and a 200-day moving average price of $8.72. The company has a market capitalization of $3.13 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.58 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently bought and sold shares of DLO. Sei Investments Co. raised its position 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 in the last quarter. Consolidated Press International Holdings Ltd raised its position in shares of DLocal by 5.8% during the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock valued at $3,912,000 after buying an additional 14,499 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of DLocal during the 1st quarter valued at $9,949,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of DLocal during the 1st quarter valued at $218,000. Finally, Artal Group S.A. raised its position in shares of DLocal by 50.0% during the 1st quarter. Artal Group S.A. now owns 30,000 shares of the company’s stock valued at $441,000 after buying an additional 10,000 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.