The Goldman Sachs Group Issues Positive Forecast for DLocal (NASDAQ:DLO) Stock Price

DLocal (NASDAQ:DLO) had its price target raised by The Goldman Sachs Group from $9.00 to $10.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on DLO. Barclays raised their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Susquehanna raised their target price on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.81.

DLocal Trading Up 0.5 %

NASDAQ DLO opened at $13.10 on Thursday. The stock has a market cap of $3.88 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 3.17 and a beta of 0.90. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $18.27. The stock has a 50 day simple moving average of $12.01 and a two-hundred day simple moving average of $9.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last posted 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 net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. During the same period last year, the company posted $0.16 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in DLocal in the 4th quarter worth about $25,099,000. Baillie Gifford & Co. raised its holdings in shares of DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock valued at $29,428,000 after purchasing an additional 1,360,183 shares during the last quarter. Tikvah Management LLC lifted its position in DLocal by 115.6% during the fourth quarter. Tikvah Management LLC now owns 901,800 shares of the company’s stock valued at $10,154,000 after purchasing an additional 483,500 shares during the period. PDT Partners LLC lifted its position in DLocal by 1,430.1% during the third quarter. PDT Partners LLC now owns 359,635 shares of the company’s stock valued at $2,877,000 after purchasing an additional 336,131 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in DLocal by 132.0% in the third quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after purchasing an additional 280,607 shares during the last quarter. Institutional investors own 90.13% of the company’s stock.

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.