DLocal Limited (NASDAQ:DLO – Get Free Report) gapped down before the market opened on Wednesday after Bank of America lowered their price target on the stock from $18.00 to $15.00. The stock had previously closed at $13.58, but opened at $9.39. Bank of America currently has a neutral rating on the stock. DLocal shares last traded at $9.90, with a volume of 4,909,274 shares traded.
A number of other equities analysts have also recently commented on DLO. Citigroup initiated coverage on DLocal in a report on Friday, April 19th. They set a “neutral” rating and a $17.00 price target for the company. Barclays decreased their target price on DLocal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Susquehanna reissued a “positive” rating and issued a $21.00 price objective on shares of DLocal in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their target price on shares of DLocal from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.
View Our Latest Stock Report on DLocal
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DLocal Price Performance
The firm’s fifty day moving average price is $15.07 and its 200-day moving average price is $16.49. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.89 billion, a P/E ratio of 22.16, a PEG ratio of 0.89 and a beta of 0.94.
DLocal (NASDAQ:DLO – Get Free Report) last released its quarterly earnings results on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $188.01 million for the quarter, compared to the consensus estimate of $169.85 million. DLocal had a net margin of 22.92% and a return on equity of 40.57%. Analysts forecast that DLocal Limited will post 0.59 earnings per share for the current year.
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.
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