DLocal (NASDAQ:DLO) Now Covered by Citigroup

Citigroup assumed coverage on shares of DLocal (NASDAQ:DLO) in a research report released on Friday morning, MarketBeat reports. The firm issued a neutral rating and a $17.00 price objective on the stock.

Several other brokerages have also issued reports on DLO. New Street Research raised DLocal from a neutral rating to a buy rating and increased their target price for the stock from $18.00 to $24.00 in a research report on Tuesday, January 9th. Susquehanna decreased their target price on DLocal from $24.00 to $21.00 and set a positive rating for the company in a research report on Tuesday, March 19th. JPMorgan Chase & Co. decreased their target price on DLocal from $17.50 to $17.00 and set a neutral rating for the company in a research report on Monday, April 1st. Barclays decreased their target price on DLocal from $18.00 to $17.00 and set an equal weight rating for the company in a research report on Thursday, March 21st. Finally, HSBC decreased their target price on DLocal from $19.00 to $17.00 and set a hold rating for the company in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, DLocal has a consensus rating of Hold and an average target price of $18.38.

DLocal Trading Down 4.3 %

NASDAQ DLO opened at $14.55 on Friday. DLocal has a fifty-two week low of $9.04 and a fifty-two week high of $24.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $17.11. The stock has a market cap of $4.31 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 0.96 and a beta of 0.96.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The business had revenue of $188.01 million during the quarter, compared to analysts’ expectations of $169.85 million. On average, analysts forecast that DLocal will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Wasatch Advisors LP raised its stake in shares of DLocal by 9.6% in the first quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock worth $57,891,000 after purchasing an additional 345,746 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of DLocal in the first quarter worth $253,000. Fourth Sail Capital LP raised its stake in shares of DLocal by 78.4% in the first quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock worth $21,921,000 after purchasing an additional 655,548 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of DLocal in the first quarter worth $152,000. Finally, Renaissance Capital LLC raised its stake in shares of DLocal by 3.0% in the first quarter. Renaissance Capital LLC now owns 60,039 shares of the company’s stock worth $883,000 after purchasing an additional 1,743 shares during the last quarter. 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.