DLocal (NASDAQ:DLO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DLocal (NASDAQ:DLO) from a hold rating to a buy rating in a report issued on Sunday morning.

Several other equities analysts also recently weighed in on the stock. Truist Financial dropped their target price on shares of DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Itau BBA Securities started coverage on shares of DLocal in a report on Wednesday, December 17th. They set an “outperform” rating and a $21.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

DLocal Stock Down 0.1%

Shares of DLO opened at $12.74 on Friday. The company has a 50-day simple moving average of $12.52 and a 200-day simple moving average of $13.60. The company has a market capitalization of $3.76 billion, a PE ratio of 19.91 and a beta of 1.06. DLocal has a 52-week low of $7.80 and a 52-week high of $16.78.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The business had revenue of $337.89 million during the quarter, compared to the consensus estimate of $294.29 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. The business’s revenue was up 65.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. On average, research analysts anticipate that DLocal will post 0.47 EPS for the current year.

DLocal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On DLocal

A number of hedge funds and other institutional investors have recently modified their holdings of DLO. Cria Inc. purchased a new stake in shares of DLocal during the fourth quarter worth about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. purchased a new stake in shares of DLocal during the fourth quarter worth about $54,128,000. Azora Capital LP purchased a new stake in shares of DLocal during the fourth quarter worth about $21,888,000. Jain Global LLC purchased a new stake in shares of DLocal during the fourth quarter worth about $21,085,000. Finally, Marshall Wace LLP grew its holdings in shares of DLocal by 64.0% during the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock worth $30,436,000 after buying an additional 1,047,692 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.