DLocal (NASDAQ:DLO) Upgraded at UBS Group

UBS Group upgraded shares of DLocal (NASDAQ:DLOFree Report) from a sell rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have $9.00 price objective on the stock, down from their prior price objective of $13.00.

Several other equities research analysts have also commented on the company. HSBC reduced their price objective on DLocal from $19.00 to $17.00 and set a hold rating for the company in a research note on Friday, April 5th. Citigroup reduced their price objective on DLocal from $17.00 to $10.50 and set a neutral rating for the company in a research note on Wednesday, June 5th. Bank of America dropped their target price on shares of DLocal from $18.00 to $15.00 and set a neutral rating for the company in a report on Thursday, May 16th. Susquehanna reaffirmed a positive rating and issued a $21.00 target price on shares of DLocal in a report on Wednesday, May 15th. Finally, The Goldman Sachs Group dropped their price objective on shares of DLocal from $18.00 to $16.00 and set a buy rating for the company in a report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $15.61.

Get Our Latest Stock Report on DLO

DLocal Price Performance

Shares of DLO opened at $7.48 on Thursday. The firm has a market cap of $2.21 billion, a PE ratio of 17.00, a P/E/G ratio of 0.86 and a beta of 0.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $11.13 and a two-hundred day simple moving average of $14.81. DLocal has a 1-year low of $7.30 and a 1-year high of $24.22.

DLocal (NASDAQ:DLOGet Free Report) last announced its earnings results on Tuesday, May 14th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $184.43 million for the quarter, compared to analysts’ expectations of $195.24 million. DLocal had a net margin of 18.83% and a return on equity of 35.20%. On average, equities analysts anticipate that DLocal will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its position in DLocal by 35.3% in the 4th quarter. Wasatch Advisors LP now owns 3,592,401 shares of the company’s stock worth $63,550,000 after purchasing an additional 936,558 shares during the period. 1832 Asset Management L.P. increased its position in shares of DLocal by 12.9% during the fourth quarter. 1832 Asset Management L.P. now owns 1,096,800 shares of the company’s stock worth $19,402,000 after acquiring an additional 125,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of DLocal during the fourth quarter worth approximately $355,000. Citigroup Inc. increased its position in shares of DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after acquiring an additional 1,378 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of DLocal by 371.4% during the third quarter. Penserra Capital Management LLC now owns 199,106 shares of the company’s stock worth $3,816,000 after acquiring an additional 156,865 shares during the period. Institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for DLocal (NASDAQ:DLO)

Receive News & Ratings for DLocal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DLocal and related companies with MarketBeat.com's FREE daily email newsletter.