DLocal (NASDAQ:DLO) Price Target Raised to $17.00

DLocal (NASDAQ:DLO) had its price objective raised by Truist Financial from $15.00 to $17.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

DLO has been the topic of several other reports. The Goldman Sachs Group reissued a “buy” rating and issued a $17.00 price target on shares of DLocal in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Friday, July 17th. UBS Group raised DLocal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, July 1st. Finally, Wall Street Zen lowered DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, DLocal currently has a consensus rating of “Buy” and an average target price of $17.50.

DLocal Stock Performance

Shares of DLO stock opened at $14.49 on Friday. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 23.00 and a beta of 0.97. DLocal has a 1-year low of $9.81 and a 1-year high of $16.78. The stock has a 50-day moving average of $13.05 and a 200-day moving average of $13.05.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company had revenue of $335.86 million during the quarter, compared to analysts’ expectations of $331.20 million. During the same period in the prior year, the company posted $0.15 earnings per share. DLocal’s revenue for the quarter was up 54.9% compared to the same quarter last year. Sell-side analysts forecast that DLocal will post 0.81 earnings per share for the current year.

Insider Transactions at DLocal

In other DLocal news, Director Sebastian Kanovich sold 25,700 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $15.50, for a total value of $398,350.00. Following the completion of the sale, the director owned 25,700 shares in the company, valued at approximately $398,350. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 acquired at an average cost of $11.85 per share, with a total value of $237,000.00. Following the completion of the transaction, the director directly owned 108,043 shares of the company’s stock, valued at $1,280,309.55. The trade was a 22.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 45.44% of the company’s stock.

Institutional Trading of DLocal

A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of DLocal by 0.3% during the 1st quarter. Bank of America Corp DE now owns 4,073,358 shares of the company’s stock valued at $52,831,000 after buying an additional 13,536 shares during the last quarter. Cria Inc. purchased a new stake in DLocal in the 4th quarter worth about $56,560,000. Atmos Capital Gestao DE Recursos LTDA. bought a new stake in DLocal in the 4th quarter valued at about $54,128,000. Marshall Wace LLP boosted its position in DLocal by 18.9% during the fourth quarter. Marshall Wace LLP now owns 3,662,772 shares of the company’s stock worth $51,792,000 after purchasing an additional 582,718 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in DLocal by 12.2% in the 4th quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock worth $42,373,000 after buying an additional 326,537 shares during the period. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

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.