DLocal Limited (NASDAQ:DLO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

DLocal Limited (NASDAQ:DLO) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.6667.

DLO has been the topic of a number of analyst reports. Weiss Ratings raised shares of DLocal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Truist Financial lifted their target price on shares of DLocal from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. The Goldman Sachs Group boosted their target price on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, July 31st. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. Finally, Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th.

DLocal Price Performance

Shares of DLO opened at $14.34 on Friday. The business has a 50-day moving average of $14.11 and a 200-day moving average of $13.10. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 21.40 and a beta of 0.97. DLocal has a 1 year low of $10.64 and a 1 year high of $16.78.

DLocal (NASDAQ:DLO) last announced its earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $399.66 million for the quarter, compared to analysts’ expectations of $366.77 million. DLocal had a return on equity of 41.64% and a net margin of 15.04%.During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue was up 55.9% on a year-over-year basis. As a group, sell-side analysts anticipate that DLocal will post 0.82 EPS for the current year.

Insider Activity

In other DLocal news, Director William Rodney Pruett purchased 20,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the purchase, the director owned 108,043 shares in the company, valued at $1,280,309.55. This represents a 22.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sebastian Kanovich sold 72,753 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total value of $1,130,581.62. Following the completion of the transaction, the director directly owned 4,700 shares in the company, valued at approximately $73,038. This trade represents a 93.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,103,153 shares of company stock worth $16,231,782. 45.44% of the stock is owned by corporate insiders.

Institutional Trading of DLocal

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in shares of DLocal during the 2nd quarter valued at $19,399,000. Bond Capital Management LP acquired a new stake in DLocal in the second quarter worth $12,048,000. Bank of America Corp DE increased its stake in DLocal by 0.3% in the first quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock valued at $52,831,000 after purchasing an additional 13,536 shares in the last quarter. Parvin Asset Management LLC increased its stake in DLocal by 51.0% in the first quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock valued at $96,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of DLocal during the first quarter valued at about $1,324,000. 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.