DLocal (NASDAQ:DLO) Price Target Raised to $10.00

DLocal (NASDAQ:DLO) had its target price lifted by equities researchers at Barclays from $9.00 to $10.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 15.72% from the stock’s previous close.

DLocal Stock Up 2.4 %

Shares of DLO stock traded up $0.28 during trading hours on Friday, hitting $11.87. 248,729 shares of the company’s stock traded hands, compared to its average volume of 761,196. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $9.31. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 2.69 and a beta of 0.87.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $185.80 million during the quarter, compared to analysts’ expectations of $181.47 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts expect that DLocal will post 0.47 EPS for the current year.

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Garden State Investment Advisory Services LLC purchased a new stake in shares of DLocal during the second quarter valued at $226,000. Squarepoint Ops LLC purchased a new stake in shares of DLocal during the 2nd quarter valued at about $157,000. Millennium Management LLC grew its stake in shares of DLocal by 151.2% in the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock worth $5,212,000 after acquiring an additional 387,762 shares during the period. Quarry LP raised its holdings in shares of DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after purchasing an additional 3,599 shares during the last quarter. Finally, Sylebra Capital LLC bought a new position in DLocal during the second quarter valued at approximately $13,565,000. 90.13% of the stock is currently owned by institutional investors.

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.