DLocal Limited (NASDAQ:DLO) Receives $11.81 Average Price Target from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.81.

DLO has been the topic of several recent analyst reports. Barclays raised their target price on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Susquehanna raised their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th.

DLocal Stock Down 2.3 %

Shares of DLocal stock opened at $12.60 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a 52-week low of $6.57 and a 52-week high of $18.27. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.09 and a beta of 0.90. The company’s 50 day moving average price is $12.19 and its 200-day moving average price is $10.25.

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLO. Wells Fargo & Company MN lifted its position in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after buying an additional 1,797 shares during the period. Activest Wealth Management lifted its position in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after buying an additional 2,656 shares during the period. Parvin Asset Management LLC purchased a new position in DLocal during the fourth quarter valued at $55,000. R Squared Ltd purchased a new position in DLocal during the fourth quarter valued at $82,000. Finally, Virtu Financial LLC purchased a new position in DLocal during the fourth quarter valued at $142,000. Hedge funds and other 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.