DLocal (NASDAQ:DLO) Receives New Coverage from Analysts at Citigroup

Citigroup initiated coverage on shares of DLocal (NASDAQ:DLO) in a report published on Friday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $17.00 price objective on the stock.

DLO has been the subject of a number of other research reports. New Street Research raised shares of DLocal from a neutral rating to a buy rating and upped their price objective for the company from $18.00 to $24.00 in a research note on Tuesday, January 9th. Susquehanna cut their target price on DLocal from $24.00 to $21.00 and set a positive rating on the stock in a research report on Tuesday, March 19th. HSBC lowered their price target on DLocal from $19.00 to $17.00 and set a hold rating for the company in a research report on Friday, April 5th. Barclays decreased their target price on DLocal from $18.00 to $17.00 and set an equal weight rating for the company in a report on Thursday, March 21st. Finally, The Goldman Sachs Group cut their price target on shares of DLocal from $21.00 to $18.00 and set a buy rating on the stock in a report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $18.38.

DLocal Stock Performance

DLO opened at $14.39 on Friday. The stock’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $17.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $4.26 billion, a P/E ratio of 29.37, a P/E/G ratio of 0.96 and a beta of 0.96. DLocal has a 1-year low of $9.04 and a 1-year high of $24.22.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a return on equity of 40.57% and a net margin of 22.92%. The company had revenue of $188.01 million for the quarter, compared to analyst estimates of $169.85 million. As a group, equities analysts anticipate that DLocal will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DLO. Alkeon Capital Management LLC raised its holdings in DLocal by 77.8% during the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock worth $102,948,000 after purchasing an additional 2,350,000 shares in the last quarter. Wasatch Advisors LP increased its holdings in shares of DLocal by 9.6% in the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company’s stock valued at $57,891,000 after purchasing an additional 345,746 shares during the period. Polen Capital Management LLC increased its stake in DLocal by 13.9% in the 3rd quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company’s stock valued at $36,869,000 after buying an additional 234,772 shares during the period. Fourth Sail Capital LP raised its holdings in shares of DLocal by 78.4% during the first quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company’s stock worth $21,921,000 after acquiring an additional 655,548 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in shares of DLocal by 58.1% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,244,447 shares of the company’s stock worth $22,014,000 after purchasing an additional 457,122 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

About DLocal

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.