DLocal (NASDAQ:DLO) Hits New 12-Month High - Here's What Happened

Key Points

• DLocal's stock reached a new 12-month high at $16.78 during trading, closing at $15.95, showcasing a strong market interest with over 1.1 million shares traded.
• Various analysts have updated their ratings and price targets for DLocal, with Goldman Sachs setting the highest target at $19.00, indicating a consensus rating of "Moderate Buy" and target price of $15.00.
• For the latest quarter, DLocal reported an earnings per share (EPS) of $0.14, exceeding estimates, while revenue surged 49.7% year-over-year to $256.50 million.

DLocal Limited (NASDAQ:DLO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.78 and last traded at $15.95, with a volume of 1114925 shares trading hands. The stock had previously closed at $15.83.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $15.00 target price on DLocal in a research report on Thursday, August 14th. Wall Street Zen lowered DLocal from a "strong-buy" rating to a "buy" rating in a research report on Monday, September 22nd. HSBC upgraded DLocal from a "hold" rating to a "buy" rating and increased their target price for the company from $11.50 to $15.00 in a research report on Thursday, August 14th. The Goldman Sachs Group set a $19.00 price objective on DLocal and gave the company a "buy" rating in a report on Tuesday. Finally, Truist Financial raised their price objective on DLocal from $12.00 to $14.00 and gave the company a "hold" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, DLocal presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

DLocal Stock Performance

The firm's 50-day moving average price is $14.07 and its two-hundred day moving average price is $11.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 33.24 and a beta of 1.13.

DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $256.50 million for the quarter, compared to analysts' expectations of $226.71 million. DLocal had a net margin of 16.90% and a return on equity of 36.85%. The company's revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. DLocal has set its FY 2025 guidance at EPS. On average, analysts expect that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Trading of DLocal

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its holdings in DLocal by 17.1% in the 2nd quarter. Osaic Holdings Inc. now owns 9,108 shares of the company's stock valued at $103,000 after buying an additional 1,329 shares during the period. State of Wyoming raised its holdings in DLocal by 45.1% in the 2nd quarter. State of Wyoming now owns 27,116 shares of the company's stock valued at $307,000 after buying an additional 8,431 shares during the period. Vident Advisory LLC increased its stake in DLocal by 48.7% during the second quarter. Vident Advisory LLC now owns 24,195 shares of the company's stock worth $274,000 after purchasing an additional 7,925 shares during the period. Man Group plc purchased a new stake in DLocal during the second quarter worth about $130,000. Finally, HRT Financial LP increased its stake in DLocal by 237.2% during the second quarter. HRT Financial LP now owns 314,265 shares of the company's stock worth $3,563,000 after purchasing an additional 221,076 shares during the period. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.

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