Stocks of DLocal Limited (NASDAQ:DLO) traded higher last session on Wall Street, up 9.23% to $13.96.
According to the data, DLocal Limited (NASDAQ:DLO) has 9 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $21.00, we find $32.00. Given the previous closing price of $12.78, this indicates a potential upside of 150.39 percent. DLO stock price is now -35.09% away from the 50-day moving average and -46.44% away from the 200-day moving average. The market capitalization of the company currently stands at $3.43B.
A total of 3 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $31.78 as their price target over the next twelve months.
With the price target reduced from $28 to $22, SMBC Nikko Downgraded its rating from Neutral to Underperform for DLocal Limited (NASDAQ: DLO). On May 09, 2022, New Street Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $38, while ‘Piper Sandler’ rates the stock as ‘Overweight’.
A total of 9.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DLO stock. A new stake in DLocal Limited shares was purchased by ARTISAN PARTNERS LIMITED PARTNERSHIP during the first quarter worth $17,182,000. POINT72 ASSET MANAGEMENT, L.P. invested $5,925,000 in shares of DLO during the first quarter. In the first quarter, HHLR ADVISORS, LTD. acquired a new stake in DLocal Limited valued at approximately $5,312,000. VOYA INVESTMENT MANAGEMENT LLC acquired a new stake in DLO for approximately $2,971,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in DLO valued at around $2,644,000 in the second quarter. In total, there are 180 active investors with 90.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $12.52 for DLocal Limited (NASDAQ: DLO). During the past 12 months, DLocal Limited has had a low of $9.03 and a high of $38.78. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for DLO is $21.51 and a two-hundred day moving average price translates $26.07 for the stock.
The latest earnings results from DLocal Limited (NASDAQ: DLO) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.1, inline with analysts’ expectations of $0.1. This compares to $0.06 EPS in the same period last year. The net profit margin was 23.30% and return on equity was 28.90% for DLO. The company reported revenue of $111.86 million for the quarter, compared to $68.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 62.96 percent. For the current quarter, analysts expect DLO to generate $110.1M in revenue.
DLocal Limited(DLO) Company Profile
DLocal Limited operates a payments platform in the United States, Europe, China, and internationally. Its payments platform enables merchants to get paid and to make payments online. The company serves commerce, streaming, ride-hailing, financial services, advertising, software as a service, travel, e-learning, on-demand delivery, gaming, and crypto industries. DLocal Limited was founded in 2016 and is headquartered in Montevideo, Uruguay.