Susquehanna Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO) had its price target hoisted by Susquehanna from $14.00 to $16.00 in a research report released on Wednesday,Benzinga reports. They currently have a positive rating on the stock.

Separately, Barclays boosted their price target on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.56.

DLocal Stock Performance

NASDAQ:DLO opened at $13.09 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $11.60 and its 200-day moving average price is $9.57. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The company has a market cap of $3.87 billion, a P/E ratio of 32.73, a P/E/G ratio of 2.88 and a beta of 0.87.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its stake in DLocal by 151.2% during the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after buying an additional 387,762 shares during the period. PDT Partners LLC increased its position in shares of DLocal by 1,430.1% during the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock worth $2,877,000 after acquiring an additional 336,131 shares during the period. JPMorgan Chase & Co. raised its stake in shares of DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock valued at $3,946,000 after acquiring an additional 280,607 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after purchasing an additional 175,116 shares during the period. Finally, Main Management ETF Advisors LLC acquired a new position in DLocal during the 3rd quarter worth $888,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

About DLocal

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.