Analysts Set DLocal Limited (NASDAQ:DLO) Target Price at $11.81

DLocal Limited (NASDAQ:DLO) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.81.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Barclays lifted their price target on DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Susquehanna lifted their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th.

DLocal Price Performance

DLO opened at $12.60 on Monday. The stock has a 50-day moving average price of $12.19 and a 200-day moving average price of $10.25. 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 firm has a market cap of $3.73 billion, a PE ratio of 31.49, a P/E/G ratio of 3.09 and a beta of 0.90. DLocal has a 1 year low of $6.57 and a 1 year high of $18.27.

Institutional Investors Weigh In On DLocal

Several large investors have recently bought and sold shares of the business. Vident Advisory LLC increased its holdings in DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after buying an additional 929 shares in the last quarter. Mariner LLC grew its stake in shares of DLocal by 6.0% during the 4th 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 stake in shares of DLocal by 0.4% during the 4th 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 stake in shares of DLocal by 398.4% during the 4th 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 stake in shares of DLocal by 265,600.0% during the 4th 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. 90.13% of the stock is currently owned by 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.