DLocal (NASDAQ:DLO) Downgraded by Wall Street Zen to “Hold”

DLocal (NASDAQ:DLO) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on DLO. Itau BBA Securities initiated coverage on DLocal in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $21.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Wednesday, January 21st. Finally, Truist Financial cut their target price on DLocal from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.00.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $12.27 on Friday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 19.17 and a beta of 1.14. The company has a 50 day moving average of $12.72 and a 200-day moving average of $13.68. DLocal has a one year low of $7.61 and a one year high of $16.78.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The business had revenue of $337.89 million for the quarter, compared to analyst estimates of $294.29 million. During the same period in the prior year, the business posted $0.10 earnings per share. DLocal’s revenue was up 65.2% compared to the same quarter last year. Equities research analysts anticipate that DLocal will post 0.47 earnings per share for the current year.

Institutional Trading of DLocal

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares during the period. Atmos Capital Gestao DE Recursos LTDA. bought a new position in DLocal during the fourth quarter worth about $27,064,000. Vident Advisory LLC grew its stake in DLocal by 9.0% in the fourth quarter. Vident Advisory LLC now owns 25,943 shares of the company’s stock valued at $367,000 after acquiring an additional 2,142 shares during the period. SummitTX Capital L.P. acquired a new position in DLocal in the fourth quarter valued at about $387,000. Finally, Azora Capital LP bought a new stake in shares of DLocal in the fourth quarter worth about $21,888,000. Institutional investors own 90.13% of the company’s stock.

About DLocal

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.