DLocal (NASDAQ:DLO) Sees Large Volume Increase - Should You Buy?

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 strong trading volume on Friday . 1,865,771 shares traded hands during mid-day 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DLO shares. Citigroup started coverage on DLocal in a report on Tuesday, May 27th. They set a "buy" rating and a $14.60 target price on the stock. UBS Group restated a "neutral" rating and set a $10.00 target price (up from $9.00) on shares of DLocal in a report on Wednesday, July 30th. Morgan Stanley set a $15.00 target price on DLocal in a report on Thursday. Susquehanna boosted their target price on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a report on Thursday, May 15th. Finally, Truist Financial started coverage on DLocal in a report on Monday, June 2nd. They set a "hold" rating and a $12.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, DLocal has an average rating of "Hold" and a consensus target price of $12.96.

DLocal Trading Up 1.4%

The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 32.17 and a beta of 1.10. The business's 50-day simple moving average is $10.88 and its two-hundred day simple moving average is $10.51. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.01.

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 analysts' consensus estimates of $0.13 by $0.01. DLocal had a net margin of 16.90% and a return on equity of 35.95%. The business had revenue of $256.50 million during the quarter, compared to analysts' expectations of $226.71 million. During the same period last year, the business earned $0.15 earnings per share. The business's revenue for the quarter was up 49.7% on a year-over-year basis. Equities analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Institutional investors have recently made changes to their positions in the stock. 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 valued at $25,000 after purchasing an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in DLocal by 603.6% in the 1st 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 acquired a new stake in DLocal in the 4th quarter valued at about $55,000. Activest Wealth Management purchased a new stake in DLocal during the 2nd quarter worth about $80,000. Finally, Caption Management LLC lifted its holdings in DLocal by 164.7% during the 1st quarter. Caption Management LLC now owns 11,249 shares of the company's stock worth $94,000 after buying an additional 7,000 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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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