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

Key Points

• DLocal's trading volume increased by 43% on a recent trading day, with 1,865,771 shares changing hands.
• The company reported quarterly earnings that surpassed expectations with a 49.7% year-over-year revenue increase to $256.50 million.
• Analysts have mixed ratings on DLocal, with an average rating of "Hold" and a consensus target price of $12.96.

DLocal Limited (NASDAQ:DLO - Get Free Report) saw unusually-high 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DLO shares. Morgan Stanley set a $15.00 target price on shares of DLocal in a research note on Thursday, August 14th. Hsbc Global Res upgraded shares of DLocal to a "strong-buy" rating in a research note on Thursday, August 14th. UBS Group restated a "neutral" rating and set a $10.00 price target (up previously from $9.00) on shares of DLocal in a research note on Wednesday, July 30th. HSBC upgraded shares of DLocal from a "hold" rating to a "buy" rating and raised their price target for the stock from $11.50 to $15.00 in a research note on Thursday, August 14th. Finally, Truist Financial initiated coverage on shares of DLocal in a report on Monday, June 2nd. They issued a "hold" rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.51.

DLocal Trading Down 3.7%

The firm has a market cap of $4.06 billion, a P/E ratio of 29.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a 50 day moving average of $11.17 and a 200 day moving average of $10.54.

DLocal (NASDAQ:DLO - Get Free Report) last released its 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. The business had revenue of $256.50 million for the quarter, compared to analysts' expectations of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The firm's revenue was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. DLocal has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that DLocal Limited will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

A number of large investors have recently added to or reduced their stakes in the business. Vident Advisory LLC raised its position in DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company's stock worth $176,000 after purchasing an additional 929 shares during the period. Geode Capital Management LLC raised its position in DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company's stock worth $1,618,000 after purchasing an additional 1,130 shares during the period. Empowered Funds LLC raised its position in DLocal by 2.7% in the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company's stock worth $406,000 after purchasing an additional 1,281 shares during the period. Mariner LLC raised its position in DLocal by 6.0% in the 4th quarter. Mariner LLC now owns 24,257 shares of the company's stock worth $273,000 after purchasing an additional 1,365 shares during the period. Finally, Wells Fargo & Company MN raised its position 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 purchasing an additional 1,797 shares during the period. Hedge funds and other institutional investors 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.