Truist Financial Raises DLocal (NASDAQ:DLO) Price Target to $17.00

DLocal (NASDAQ:DLO) had its price target lifted by investment analysts at Truist Financial from $15.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 17.32% from the stock’s previous close.

Several other research firms have also commented on DLO. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 price target on shares of DLocal in a report on Thursday, April 30th. UBS Group upgraded shares of DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $20.00 in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $17.50.

DLocal Price Performance

DLO stock opened at $14.49 on Friday. The business has a 50 day simple moving average of $13.05 and a 200-day simple moving average of $13.07. The firm has a market capitalization of $4.27 billion, a PE ratio of 23.00 and a beta of 0.97. DLocal has a 1 year low of $9.81 and a 1 year high of $16.78.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $335.86 million during the quarter, compared to analysts’ expectations of $331.20 million. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The business’s revenue for the quarter was up 54.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, equities research analysts expect that DLocal will post 0.81 EPS for the current year.

Insider Activity

In other news, Director William Rodney Pruett bought 20,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was bought at an average cost of $11.85 per share, with a total value of $237,000.00. Following the transaction, the director directly owned 108,043 shares in the company, valued at $1,280,309.55. The trade was a 22.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sebastian Kanovich sold 1,000,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $14.63, for a total transaction of $14,630,000.00. Following the sale, the director owned 1,000,000 shares in the company, valued at $14,630,000. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 45.44% of the company’s stock.

Institutional Investors Weigh In On DLocal

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its position in 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 buying an additional 975 shares during the period. IFP Advisors Inc purchased a new stake in shares of DLocal during the third quarter worth $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of DLocal in the fourth quarter valued at $40,000. Banque Cantonale Vaudoise acquired a new stake in shares of DLocal in the first quarter valued at $42,000. Finally, Kestra Advisory Services LLC purchased a new position in DLocal in the fourth quarter valued at $95,000. 90.13% of the stock is owned by hedge funds and other 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.