DLocal (NASDAQ:DLO) Raised to “Buy” at Wall Street Zen

DLocal (NASDAQ:DLO) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

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

DLocal Stock Performance

DLO stock opened at $12.86 on Friday. The firm has a 50-day moving average of $12.60 and a two-hundred day moving average of $13.64. The firm has a market capitalization of $3.79 billion, a PE ratio of 20.09 and a beta of 1.06. DLocal has a one year low of $7.61 and a one year high of $16.78.

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

Hedge Funds Weigh In On DLocal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in shares of DLocal by 114.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after acquiring an additional 975 shares during the period. IFP Advisors Inc acquired a new stake in DLocal in the 3rd quarter valued at about $26,000. Global Retirement Partners LLC acquired a new stake in DLocal in the 3rd quarter valued at about $29,000. University of Texas Texas AM Investment Management Co. bought a new position in DLocal during the fourth quarter worth about $40,000. Finally, Jones Financial Companies Lllp increased its position in DLocal by 221.1% during the third quarter. Jones Financial Companies Lllp now owns 4,816 shares of the company’s stock worth $70,000 after buying an additional 3,316 shares during the last quarter. 90.13% of the stock is owned by institutional investors.

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.