DLocal (NASDAQ:DLO) Price Target Raised to $10.00 at Barclays

DLocal (NASDAQ:DLO) had its target price upped by Barclays from $9.00 to $10.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

DLocal Trading Up 1.9 %

DLO opened at $11.81 on Friday. DLocal has a 12 month low of $6.57 and a 12 month high of $18.27. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.69 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The business has a fifty day moving average price of $11.23 and a 200 day moving average price of $9.33.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP boosted its position in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after acquiring an additional 175,116 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in shares of DLocal in the 3rd quarter valued at about $488,000. Squarepoint Ops LLC purchased a new stake in shares of DLocal in the 2nd quarter valued at about $157,000. Centiva Capital LP lifted its holdings in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after purchasing an additional 71,892 shares during the last quarter. Finally, Sylebra Capital LLC purchased a new stake in shares of DLocal in the 2nd quarter valued at about $13,565,000. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Company Profile

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.