DLocal Limited (NASDAQ:DLO) shares traded 13.39% higher at $15.50 on Wall Street last session.
In accordance with the data, 12 analysts cover DLocal Limited (NASDAQ:DLO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $10.00, we find $16.00. Given the previous closing price of $13.67, this indicates a potential upside of 17.04 percent. DLO stock price is now 19.07% away from the 50-day moving average and 4.96% away from the 200-day moving average. The market capitalization of the company currently stands at $4.57B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 6 analysts and a buy by 3. Brokers who have rated the stock have averaged $16.25 as their price target over the next twelve months.
With the price target maintained at $16, BofA Securities recently Downgraded its rating from Buy to Neutral for DLocal Limited (NASDAQ: DLO).
A total of 11.13% 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 ATMOS CAPITAL GESTAO DE RECURSOS LTDA. during the first quarter worth $28,955,000. MILLENNIUM MANAGEMENT LLC invested $13,890,000 in shares of DLO during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in DLocal Limited valued at approximately $11,629,000. MARCHO PARTNERS LLP acquired a new stake in DLO for approximately $8,612,000. ETF MANAGERS GROUP, LLC purchased a new stake in DLO valued at around $7,027,000 in the second quarter. In total, there are 144 active investors with 91.10% ownership of the company’s stock.
DLocal Limited (NASDAQ: DLO) opened at $13.42 on Tuesday. During the past 12 months, DLocal Limited has had a low of $9.03 and a high of $30.51. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $3.50B, which is based on a 41.11 price-to-earnings ratio, a 1.51 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for DLO is $13.12 and a two-hundred day moving average price translates $14.74 for the stock.
The latest earnings results from DLocal Limited (NASDAQ: DLO) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.11, inline with analysts’ expectations of $0.11. This compares to $0.08 EPS in the same period last year. The net profit margin was 25.10% and return on equity was 31.00% for DLO. The company reported revenue of $137.29 million for the quarter, compared to $87.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 56.98 percent. For the current quarter, analysts expect DLO to generate $149.39M in revenue.
DLocal Limited(DLO) Company Profile
DLocal Limited operates a payment processing platform worldwide. 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.
