DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.20.

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Truist Financial upped their price target on DLocal from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Weiss Ratings upgraded DLocal from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, UBS Group raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $20.00 in a research note on Wednesday, July 1st.

Insider Activity

In related news, Director Sebastian Kanovich sold 1,000,000 shares of DLocal stock in a transaction 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 of the company’s stock, valued at approximately $14,630,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,103,153 shares of company stock valued at $16,231,782. 45.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of DLocal by 0.3% during the first quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after acquiring an additional 13,536 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. acquired a new position in DLocal during the 4th quarter valued at about $27,064,000. Fourth Sail Capital LP increased its holdings in DLocal by 54.8% during the 4th quarter. Fourth Sail Capital LP now owns 1,823,873 shares of the company’s stock worth $25,790,000 after purchasing an additional 645,873 shares in the last quarter. Azora Capital LP bought a new stake in DLocal during the 4th quarter worth approximately $21,888,000. Finally, Wellington Management Group LLP purchased a new stake in shares of DLocal in the second quarter worth approximately $19,399,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Up 0.7%

NASDAQ:DLO opened at $14.31 on Tuesday. DLocal has a twelve month low of $10.64 and a twelve month high of $16.78. The company has a fifty day moving average of $14.75 and a 200-day moving average of $13.45. The firm has a market capitalization of $4.22 billion, a P/E ratio of 21.36 and a beta of 0.90.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The business had revenue of $399.66 million during the quarter, compared to analysts’ expectations of $366.77 million. During the same period last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 55.9% on a year-over-year basis. On average, analysts anticipate that DLocal will post 0.81 EPS for the current fiscal year.

DLocal Company Profile

dLocal is a Uruguay-based financial technology company that provides cross-border payment infrastructure for global businesses operating in emerging markets. Its platform enables merchants and digital companies to accept payments from local customers and distribute funds to users, contractors, sellers and other recipients in local currencies.

The company offers a single integration for payment collection and payouts, connecting businesses with local payment methods such as bank transfers, digital wallets, cash-based options and cards.