DLocal (NASDAQ:DLO) Stock Gets Price Target Trim from Truist Financial

DLocal (NASDAQ:DLO) had its price target lowered by Truist Financial from $18.00 to $17.00 in a research note released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also issued reports on DLO. The Goldman Sachs Group boosted their price target on shares of DLocal from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, July 31st. UBS Group raised shares of DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $20.00 in a report on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of DLocal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Six analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.00.

DLocal Stock Performance

Shares of DLocal stock opened at $15.06 on Friday. DLocal has a 52-week low of $10.64 and a 52-week high of $16.15. The stock’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $13.85. The stock has a market capitalization of $4.44 billion, a P/E ratio of 22.48 and a beta of 0.86.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Friday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $399.66 million for the quarter, compared to the consensus estimate of $366.77 million. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The company’s revenue was up 55.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts forecast that DLocal will post 0.80 EPS for the current fiscal year.

Insider Activity at DLocal

In related news, Director Sebastian Kanovich sold 72,753 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $15.54, for a total transaction of $1,130,581.62. Following the completion of the transaction, the director owned 4,700 shares of the company’s stock, valued at approximately $73,038. The trade was a 93.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 45.44% of the company’s stock.

Institutional Trading of DLocal

A number of hedge funds and other institutional investors have recently bought and sold shares of DLO. Bank of America Corp DE boosted its holdings in DLocal by 0.3% in 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 purchasing an additional 13,536 shares during the period. Wellington Management Group LLP purchased a new position in shares of DLocal during the 2nd quarter valued at $19,399,000. Tikvah Management LLC grew its position in shares of DLocal by 13.8% during the 2nd quarter. Tikvah Management LLC now owns 1,420,822 shares of the company’s stock valued at $18,464,000 after purchasing an additional 172,500 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of DLocal during the 1st quarter valued at $18,037,000. Finally, Bond Capital Management LP bought a new position in shares of DLocal in the second quarter worth $12,048,000. Institutional investors own 90.13% of the company’s stock.

DLocal Company Profile

DLocal is a Uruguay-based financial technology company that provides cross-border payment solutions for businesses operating in emerging markets. Its platform connects global merchants with local payment systems, enabling them to accept payments from consumers and send funds to individuals, businesses and service providers in local currencies.

The company’s services include payment collection, local acquiring, payouts and access to alternative payment methods such as bank transfers, digital wallets and cash-based options.