DLocal (NASDAQ:DLO) Hits New 1-Year High on Earnings Beat

Key Points

• DLocal Limited shares hit a new 52-week high of $14.66 after reporting quarterly earnings of $0.14 per share, surpassing estimates of $0.13.
• The company's revenue rose 49.7% year-over-year to $256.50 million, also exceeding analyst expectations of $226.71 million.
• Analysts have set price targets for DLocal stock ranging from $10.00 to $18.00, with an average rating of "Hold."

DLocal Limited (NASDAQ:DLO - Get Free Report) shares hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $14.66 and last traded at $14.16, with a volume of 6118427 shares changing hands. The stock had previously closed at $11.69.

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 during 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 firm's quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. DLocal has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial initiated coverage on DLocal in a research note on Monday, June 2nd. They set a "hold" rating and a $12.00 target price for the company. Hsbc Global Res raised shares of DLocal to a "strong-buy" rating in a research report on Thursday, August 14th. Citigroup assumed coverage on shares of DLocal in a report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price objective on the stock. Susquehanna upped their target price 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. Finally, HSBC raised DLocal from a "hold" rating to a "buy" rating and lifted their price target for the company from $11.50 to $15.00 in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, DLocal has an average rating of "Moderate Buy" and an average price target of $13.51.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Azora Capital LP acquired a new position in shares of DLocal during the 4th quarter worth approximately $37,144,000. Marshall Wace LLP grew its stake in shares of DLocal by 64.0% in the second quarter. Marshall Wace LLP now owns 2,683,988 shares of the company's stock valued at $30,436,000 after buying an additional 1,047,692 shares in the last quarter. Fourth Sail Capital LP increased its holdings in DLocal by 33.7% during the second quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company's stock worth $17,539,000 after buying an additional 390,270 shares during the last quarter. J. Goldman & Co LP raised its position in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after acquiring an additional 860,681 shares in the last quarter. Finally, Tikvah Management LLC lifted its stake in DLocal by 16.9% in the first quarter. Tikvah Management LLC now owns 1,054,499 shares of the company's stock valued at $8,795,000 after acquiring an additional 152,699 shares during the last quarter. 90.13% of the stock is owned by institutional investors and hedge funds.

DLocal Stock Performance

The company has a market capitalization of $4.15 billion, a P/E ratio of 30.31 and a beta of 1.10. The stock's fifty day moving average price is $11.08 and its 200-day moving average price is $10.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46.

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.