DLocal Limited (NASDAQ:DLO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of DLocal Limited (NASDAQ:DLO) have been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.6250.

Several analysts have recently weighed in on DLO shares. Truist Financial decreased their target price on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 target price on shares of DLocal in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a research report on Monday, April 20th. JPMorgan Chase & Co. decreased their target price on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Finally, Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a research report on Monday.

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 13,536 shares in the last quarter. Parvin Asset Management LLC raised its holdings in shares of 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 acquiring an additional 2,500 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of DLocal in the first quarter valued at about $1,324,000. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of DLocal in the first quarter valued at about $11,623,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of DLocal in the first quarter valued at about $348,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Up 2.8%

NASDAQ:DLO opened at $11.84 on Wednesday. DLocal has a twelve month low of $9.75 and a twelve month high of $16.78. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 18.79 and a beta of 1.04. The stock has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $13.29.

DLocal (NASDAQ:DLO) last released its earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 54.9% compared to the same quarter last year. As a group, equities research analysts predict that DLocal will post 0.85 EPS for the current fiscal year.

DLocal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.1939 dividend. This represents a $0.78 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Wednesday, May 27th.

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.