DLocal (NASDAQ:DLO) Shares Up 4.6% – Here’s Why

DLocal Limited (NASDAQ:DLO)’s stock price shot up 4.6% during mid-day trading on Tuesday . The company traded as high as $9.05 and last traded at $9.05. 1,206,229 shares were traded during mid-day trading, a decline of 22% from the average session volume of 1,544,022 shares. The stock had previously closed at $8.65.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Susquehanna dropped their price target on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Bank of America lifted their price target on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, Barclays cut their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, DLocal has an average rating of “Hold” and a consensus target price of $12.50.

DLocal Trading Up 12.8 %

The firm’s 50 day simple moving average is $8.63 and its 200-day simple moving average is $8.85. The company has a market capitalization of $3.02 billion, a PE ratio of 23.07, a P/E/G ratio of 4.33 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. DLocal had a return on equity of 34.35% and a net margin of 18.76%. The company had revenue of $171.30 million for the quarter, compared to the consensus estimate of $203.18 million. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that DLocal Limited will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in DLocal by 9.1% during the 1st quarter. Empowered Funds LLC now owns 41,002 shares of the company’s stock valued at $603,000 after purchasing an additional 3,416 shares during the last quarter. Sei Investments Co. grew its holdings in shares of DLocal by 7.8% during the first quarter. Sei Investments Co. now owns 206,348 shares of the company’s stock worth $3,033,000 after buying an additional 14,864 shares in the last quarter. Consolidated Press International Holdings Ltd grew its holdings in shares of DLocal by 5.8% in the 1st quarter. Consolidated Press International Holdings Ltd now owns 266,093 shares of the company’s stock valued at $3,912,000 after acquiring an additional 14,499 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of DLocal in the 1st quarter valued at about $9,949,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of DLocal during the 1st quarter worth about $218,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.