Wall Street Zen Upgrades DLocal (NASDAQ:DLO) to Buy
by Doug Wharley · The Cerbat GemDLocal (NASDAQ:DLO – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.
A number of other equities analysts also recently weighed in on DLO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, February 2nd. Itau BBA Securities assumed coverage on shares of DLocal in a research note on Wednesday, December 17th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, Truist Financial cut their price target on shares of DLocal from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.
Check Out Our Latest Stock Analysis on DLO
DLocal Stock Performance
Shares of NASDAQ DLO opened at $12.75 on Friday. DLocal has a 1 year low of $7.61 and a 1 year high of $16.78. The firm’s 50 day moving average price is $12.56 and its 200 day moving average price is $13.62. The firm has a market cap of $3.76 billion, a P/E ratio of 19.92 and a beta of 1.06.
DLocal (NASDAQ:DLO – Get Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $337.89 million for the quarter, compared to the consensus estimate of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. DLocal’s revenue was up 65.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 earnings per share. As a group, equities analysts predict that DLocal will post 0.47 EPS for the current year.
Hedge Funds Weigh In On DLocal
A number of hedge funds have recently made changes to their positions in DLO. Cria Inc. purchased a new position in shares of DLocal in the 4th quarter valued at $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new position in shares of DLocal in the 4th quarter valued at $54,128,000. Azora Capital LP purchased a new position in shares of DLocal in the 4th quarter valued at $21,888,000. Jain Global LLC purchased a new position in shares of DLocal in the 4th quarter valued at $21,085,000. Finally, Marshall Wace LLP raised its stake in shares of DLocal by 64.0% in the 2nd quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock valued at $30,436,000 after acquiring an additional 1,047,692 shares during the period. Hedge funds and other 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.