DLocal (NASDAQ:DLO) Trading 4.7% Higher – Here’s What Happened

Shares of DLocal Limited (NASDAQ:DLO) rose 4.7% during trading on Monday . The stock traded as high as $10.18 and last traded at $10.01. Approximately 1,123,574 shares were traded during trading, a decline of 14% from the average daily volume of 1,303,622 shares. The stock had previously closed at $9.56.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DLO. Barclays lowered their price objective on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Susquehanna upped their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, DLocal presently has an average rating of “Hold” and a consensus target price of $11.94.

DLocal Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The business has a 50-day simple moving average of $12.28 and a two-hundred day simple moving average of $10.42. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 3.09 and a beta of 0.90.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. Equities analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Trading of DLocal

A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in DLocal during the third quarter worth approximately $109,000. GSA Capital Partners LLP lifted its holdings in DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares during the last quarter. Baillie Gifford & Co. boosted its stake in DLocal by 0.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after purchasing an additional 9,340 shares during the period. Aigen Investment Management LP acquired a new position in DLocal in the 3rd quarter valued at $152,000. Finally, Empowered Funds LLC increased its position in DLocal by 6.7% during the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after buying an additional 2,989 shares during the period. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Company Profile

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.