DLocal (NASDAQ:DLO) Given New $18.00 Price Target at Truist Financial

DLocal (NASDAQ:DLO) had its price target increased by stock analysts at Truist Financial from $17.00 to $18.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 17.19% from the company’s previous close.

A number of other analysts have also recently weighed in on DLO. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Weiss Ratings upgraded DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. The Goldman Sachs Group boosted their price target on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Wall Street Zen lowered shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.83.

DLocal Trading Down 1.1%

DLocal stock opened at $15.36 on Thursday. The stock has a 50 day moving average of $14.33 and a 200-day moving average of $13.15. The stock has a market cap of $4.53 billion, a P/E ratio of 22.93 and a beta of 0.97. DLocal has a 52 week low of $10.64 and a 52 week high of $16.78.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $399.66 million during the quarter, compared to analyst estimates of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The firm’s revenue for the quarter was up 55.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, equities analysts predict that DLocal will post 0.82 earnings per share for the current fiscal year.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 1,000,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $14.63, for a total value of $14,630,000.00. Following the completion of the sale, the director owned 1,000,000 shares in the company, valued at $14,630,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Rodney Pruett bought 20,000 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $11.85 per share, for a total transaction of $237,000.00. Following the purchase, the director directly owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. This represents a 22.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 1,103,153 shares of company stock worth $16,231,782 in the last quarter. 45.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently bought and sold shares of DLO. Royal Bank of Canada grew its stake in shares of DLocal by 562.7% in the 1st quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after purchasing an additional 41,324 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of DLocal by 4.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after buying an additional 22,803 shares during the period. Empowered Funds LLC lifted its position in shares of DLocal by 2.7% during the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after buying an additional 1,281 shares during the period. Geode Capital Management LLC boosted its stake in DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock valued at $1,618,000 after buying an additional 1,130 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in DLocal in the 2nd quarter valued at $254,000. Institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.