DLocal (NASDAQ:DLO) Price Target Lowered to $15.00 at Truist Financial

DLocal (NASDAQ:DLO) had its target price cut by analysts at Truist Financial from $17.00 to $15.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 27.44% from the stock’s previous close.

A number of other equities research analysts have also weighed in on DLO. Itau BBA Securities began coverage on DLocal in a research note on Wednesday, December 17th. They set an “outperform” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research note on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, DLocal presently has an average rating of “Moderate Buy” and an average price target of $17.00.

DLocal Stock Up 3.5%

Shares of NASDAQ DLO traded up $0.40 during midday trading on Tuesday, reaching $11.77. 284,875 shares of the company’s stock were exchanged, compared to its average volume of 1,146,112. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. DLocal has a 52-week low of $7.61 and a 52-week high of $16.78. The business’s fifty day moving average price is $13.11 and its two-hundred day moving average price is $13.77. The stock has a market capitalization of $3.68 billion, a PE ratio of 21.07 and a beta of 1.14.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in DLocal by 114.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock valued at $26,000 after acquiring an additional 975 shares during the period. Atmos Capital Gestao DE Recursos LTDA. bought a new stake in shares of DLocal in the 4th quarter worth approximately $27,064,000. Vident Advisory LLC boosted its position in DLocal by 9.0% during the 4th quarter. Vident Advisory LLC now owns 25,943 shares of the company’s stock valued at $367,000 after purchasing an additional 2,142 shares during the period. SummitTX Capital L.P. bought a new position in DLocal during the 4th quarter worth $387,000. Finally, Azora Capital LP acquired a new stake in DLocal in the fourth quarter worth $21,888,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.