DLocal Limited (NASDAQ:DLO) Given Consensus Rating of “Moderate Buy” by Brokerages

DLocal Limited (NASDAQ:DLO) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.6250.

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $17.00 price objective on shares of DLocal in a report on Thursday, April 30th. Truist Financial lowered their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th.

DLocal Stock Performance

Shares of DLO opened at $12.34 on Friday. DLocal has a twelve month low of $9.75 and a twelve month high of $16.78. The firm’s 50 day moving average price is $12.67 and its two-hundred day moving average price is $13.05. The firm has a market cap of $3.64 billion, a P/E ratio of 19.59 and a beta of 0.99.

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

DLocal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.1939 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.3%. DLocal’s dividend payout ratio (DPR) is 125.40%.

Insider Activity

In other DLocal news, Director William Rodney Pruett acquired 20,000 shares of the stock in a transaction dated Friday, May 29th. The shares were bought at an average cost of $11.85 per share, for a total transaction of $237,000.00. Following the completion of the acquisition, the director directly owned 108,043 shares of the company’s stock, valued at approximately $1,280,309.55. This trade represents a 22.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 45.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On DLocal

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in DLocal by 0.3% during the first quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock worth $52,831,000 after buying an additional 13,536 shares during the last quarter. Parvin Asset Management LLC increased its holdings in DLocal by 51.0% during the first quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock worth $96,000 after buying an additional 2,500 shares during the last quarter. Empowered Funds LLC acquired a new position in DLocal during the first quarter worth $1,324,000. Absolute Gestao de Investimentos Ltda. acquired a new position in DLocal during the first quarter worth $11,623,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in DLocal during the first quarter worth $348,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.