DLocal Limited (NASDAQ:DLO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of DLocal Limited (NASDAQ:DLO) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $16.6250.

A number of research firms recently weighed in on DLO. Truist Financial decreased their price target on DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group restated a “buy” rating and issued a $17.00 price target on shares of DLocal in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a research note on Monday, April 20th. Finally, Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a research note on Monday, May 18th.

DLocal Trading Down 4.5%

NASDAQ:DLO opened at $11.24 on Friday. The firm has a market cap of $3.32 billion, a P/E ratio of 17.84 and a beta of 0.99. The stock’s 50 day simple moving average is $12.72 and its 200-day simple moving average is $13.07. DLocal has a 12-month low of $9.75 and a 12-month high of $16.78.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. DLocal had a return on equity of 41.22% and a net margin of 15.85%.The firm had revenue of $335.86 million for the quarter, compared to the consensus estimate of $331.20 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. Research analysts forecast that DLocal will post 0.81 EPS for the current fiscal year.

DLocal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.1939 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.9%. DLocal’s payout ratio is 125.40%.

Insider Buying and Selling at DLocal

In other DLocal news, Director William Rodney Pruett purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $11.85 per share, for a total transaction of $237,000.00. Following the completion of the purchase, the director directly owned 108,043 shares in the company, valued at $1,280,309.55. This represents a 22.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 45.44% of the stock is currently owned by company insiders.

Institutional Trading of DLocal

A number of institutional investors have recently bought and sold shares of DLO. Royal Bank of Canada boosted its position in DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock worth $406,000 after purchasing an additional 41,324 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in DLocal by 4.1% during the first quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after purchasing an additional 22,803 shares in the last quarter. Empowered Funds LLC boosted its position in DLocal by 2.7% during the first quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after purchasing an additional 1,281 shares in the last quarter. Geode Capital Management LLC boosted its position in DLocal by 0.8% during the second quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in DLocal during the second quarter worth $254,000. 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.