DLocal (NASDAQ:DLO) Sees Strong Trading Volume - What's Next?

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 655,239 shares were traded during trading, a decline of 42% from the previous session's volume of 1,130,451 shares.The stock last traded at $11.37 and had previously closed at $11.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Susquehanna upped their price objective on shares of DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research report on Thursday, May 15th. Citigroup started coverage on DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price target for the company. Finally, Truist Financial started coverage on DLocal in a report on Monday, June 2nd. They set a "hold" rating and a $12.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $12.45.

DLocal Stock Down 1.0%

The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.16 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. The stock's fifty day moving average is $10.28 and its two-hundred day moving average is $10.63.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The firm had revenue of $216.76 million during the quarter, compared to analyst estimates of $213.52 million. During the same period in the previous year, the business earned $0.06 EPS. The business's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 27th were issued a dividend of $0.5251 per share. The ex-dividend date was Tuesday, May 27th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after buying an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after purchasing an additional 3,477 shares in the last quarter. Parvin Asset Management LLC bought a new stake in DLocal during the fourth quarter worth about $55,000. Caption Management LLC boosted its holdings in shares of DLocal by 164.7% in the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock worth $94,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of DLocal in the 4th quarter worth about $142,000. 90.13% of the stock is currently owned by 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.