DLocal (NASDAQ:DLO) Sees Strong Trading Volume – What’s Next?

DLocal Limited (NASDAQ:DLO) shares saw unusually-strong trading volume on Friday . Approximately 1,865,771 shares changed hands during trading, an increase of 43% from the previous session’s volume of 1,307,575 shares.The stock last traded at $15.89 and had previously closed at $15.35.

Analysts Set New Price Targets

DLO has been the subject of a number of research reports. Hsbc Global Res upgraded DLocal to a “strong-buy” rating in a report on Thursday. Susquehanna raised their price target on shares of DLocal from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, May 15th. Citigroup assumed coverage on shares of DLocal in a report on Tuesday, May 27th. They issued a “buy” rating and a $14.60 price objective on the stock. HSBC upgraded shares of DLocal from a “hold” rating to a “buy” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Thursday. Finally, Morgan Stanley set a $15.00 price target on shares of DLocal in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, DLocal presently has a consensus rating of “Moderate Buy” and an average price target of $13.51.

DLocal Stock Up 2.0%

The firm has a market capitalization of $4.47 billion, a P/E ratio of 32.63 and a beta of 1.10. The firm’s 50 day moving average is $10.99 and its two-hundred day moving average is $10.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.65.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. DLocal had a net margin of 16.90% and a return on equity of 36.85%. The firm had revenue of $256.50 million during the quarter, compared to analysts’ expectations of $226.71 million. During the same quarter last year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year. Research analysts predict that DLocal Limited will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Azora Capital LP bought a new stake in shares of DLocal during the fourth quarter worth approximately $37,144,000. Marshall Wace LLP lifted its holdings in DLocal by 64.0% during the 2nd quarter. Marshall Wace LLP now owns 2,683,988 shares of the company’s stock worth $30,436,000 after purchasing an additional 1,047,692 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in DLocal during the 4th quarter worth approximately $25,099,000. Fourth Sail Capital LP boosted its stake in DLocal by 33.7% in the 2nd quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company’s stock valued at $17,539,000 after purchasing an additional 390,270 shares during the period. Finally, J. Goldman & Co LP grew its holdings in DLocal by 175.5% in the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after buying an additional 860,681 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

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.