Citigroup Initiates Coverage on DLocal (NASDAQ:DLO)

Citigroup started coverage on shares of DLocal (NASDAQ:DLO) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $17.00 price target on the stock.

DLO has been the subject of several other research reports. Susquehanna lowered their target price on shares of DLocal from $24.00 to $21.00 and set a positive rating for the company in a report on Tuesday, March 19th. New Street Research upgraded shares of DLocal from a neutral rating to a buy rating and upped their target price for the company from $18.00 to $24.00 in a report on Tuesday, January 9th. JPMorgan Chase & Co. lowered their target price on shares of DLocal from $17.50 to $17.00 and set a neutral rating for the company in a report on Monday, April 1st. Barclays decreased their price target on shares of DLocal from $18.00 to $17.00 and set an equal weight rating for the company in a research note on Thursday, March 21st. Finally, HSBC decreased their price target on shares of DLocal from $19.00 to $17.00 and set a hold rating for the company in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, DLocal currently has a consensus rating of Hold and a consensus target price of $18.38.

DLocal Trading Down 4.3 %

Shares of DLocal stock opened at $14.55 on Friday. The company has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $17.13. DLocal has a 12-month low of $9.04 and a 12-month high of $24.22. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 1.01 and a beta of 0.96.

DLocal (NASDAQ:DLO) last issued its earnings results on Monday, March 18th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). DLocal had a net margin of 22.92% and a return on equity of 40.57%. The company had revenue of $188.01 million during the quarter, compared to analyst estimates of $169.85 million. On average, equities analysts forecast that DLocal will post 0.59 EPS for the current fiscal year.

Institutional Trading of DLocal

Hedge funds have recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock worth $134,000 after acquiring an additional 1,378 shares during the period. Penserra Capital Management LLC lifted its stake in shares of DLocal by 371.4% in the 3rd quarter. Penserra Capital Management LLC now owns 199,106 shares of the company’s stock worth $3,816,000 after acquiring an additional 156,865 shares during the period. Polen Capital Management LLC lifted its stake in shares of DLocal by 13.9% in the 3rd quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company’s stock worth $36,869,000 after acquiring an additional 234,772 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of DLocal by 77.8% in the 3rd quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock worth $102,948,000 after acquiring an additional 2,350,000 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in shares of DLocal by 79.5% in the 4th quarter. Baillie Gifford & Co. now owns 993,987 shares of the company’s stock worth $17,584,000 after acquiring an additional 440,259 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

About DLocal

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods.