DLocal (NASDAQ:DLO) Sees Unusually-High Trading Volume

DLocal Limited (NASDAQ:DLO - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 1,190,427 shares changed hands during trading, a decline of 4% from the previous session's volume of 1,239,277 shares.The stock last traded at $10.08 and had previously closed at $10.00.

Analyst Upgrades and Downgrades

DLO has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of DLocal from $17.50 to $17.00 and set a "neutral" rating on the stock in a report on Monday, April 1st. Bank of America decreased their price objective on DLocal from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday. The Goldman Sachs Group dropped their target price on DLocal from $18.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday. Barclays decreased their price target on DLocal from $18.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, March 21st. Finally, Citigroup initiated coverage on shares of DLocal in a research note on Friday, April 19th. They set a "neutral" rating and a $17.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.00.

DLocal Stock Performance

The firm has a market cap of $2.89 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.94. The business has a 50 day simple moving average of $15.07 and a two-hundred day simple moving average of $16.49. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $188.01 million during the quarter, compared to analysts' expectations of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. As a group, equities research analysts forecast that DLocal Limited will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of DLocal

A number of large investors have recently modified their holdings of DLO. Alkeon Capital Management LLC boosted its stake in shares of DLocal by 77.8% during the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company's stock valued at $102,948,000 after purchasing an additional 2,350,000 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of DLocal by 9.6% during the 1st quarter. Wasatch Advisors LP now owns 3,938,147 shares of the company's stock worth $57,891,000 after purchasing an additional 345,746 shares during the last quarter. Polen Capital Management LLC boosted its position in DLocal by 13.9% during the third quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company's stock valued at $36,869,000 after purchasing an additional 234,772 shares in the last quarter. Baillie Gifford & Co. grew its stake in DLocal by 55.5% in the first quarter. Baillie Gifford & Co. now owns 1,546,091 shares of the company's stock valued at $22,728,000 after purchasing an additional 552,104 shares during the last quarter. Finally, Fourth Sail Capital LP grew its stake in DLocal by 78.4% in the first quarter. Fourth Sail Capital LP now owns 1,491,209 shares of the company's stock valued at $21,921,000 after purchasing an additional 655,548 shares during the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.

About DLocal

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.