DLocal (NASDAQ:DLO) Now Covered by Truist Financial

Truist Financial started coverage on shares of DLocal (NASDAQ:DLO) in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage issued a hold rating and a $12.00 target price on the stock.

A number of other analysts have also weighed in on the stock. Barclays lowered their price target on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down from $11.00) on shares of DLocal in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group lifted their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Susquehanna boosted their price objective on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, May 15th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, DLocal presently has an average rating of “Hold” and a consensus target price of $12.07.

DLocal Stock Down 2.4%

NASDAQ DLO opened at $10.35 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a 50-day simple moving average of $9.51 and a 200 day simple moving average of $10.73. DLocal has a twelve month low of $6.57 and a twelve month high of $14.26. The stock has a market cap of $2.95 billion, a PE ratio of 25.88, a PEG ratio of 3.09 and a beta of 0.97.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, research analysts forecast that DLocal will post 0.47 EPS for the current year.

DLocal Announces Dividend

The firm also recently declared a — dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 27th will be given a $0.5251 dividend. The ex-dividend date of this dividend is Tuesday, May 27th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DLO. Baillie Gifford & Co. increased its holdings in DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after buying an additional 1,360,183 shares during the last quarter. J. Goldman & Co LP boosted its position in shares of DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after acquiring an additional 860,681 shares during the period. BNP Paribas Financial Markets bought a new position in shares of DLocal in the fourth quarter valued at approximately $5,720,000. Canada Pension Plan Investment Board bought a new stake in DLocal during the fourth quarter valued at approximately $25,099,000. Finally, Alliancebernstein L.P. bought a new stake in DLocal during the fourth quarter valued at approximately $2,007,000. 90.13% of the stock is owned by institutional investors.

DLocal Company Profile

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.