DLocal (NASDAQ:DLO) Sees Strong Trading Volume

DLocal Limited (NASDAQ:DLOGet Rating) shares saw strong trading volume on Wednesday . 68,788 shares traded hands during mid-day trading, a decline of 96% from the previous session’s volume of 1,650,539 shares.The stock last traded at $24.32 and had previously closed at $19.25.

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised DLocal from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $64.00 to $55.00 in a research report on Wednesday, January 26th. Piper Sandler assumed coverage on DLocal in a research report on Wednesday, April 13th. They issued an “overweight” rating and a $34.00 price objective for the company. HSBC raised DLocal from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Monday, January 31st. Citigroup reduced their target price on DLocal from $45.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, January 26th. Finally, New Street Research upgraded DLocal from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Monday, May 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, DLocal has an average rating of “Buy” and a consensus target price of $44.00.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a 50-day moving average price of $26.71 and a 200 day moving average price of $31.38.

DLocal (NASDAQ:DLOGet Rating) last posted its earnings results on Wednesday, May 18th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. DLocal had a return on equity of 35.51% and a net margin of 31.90%. The firm had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $82.56 million. The firm’s revenue for the quarter was up 117.1% compared to the same quarter last year. Analysts predict that DLocal Limited will post 0.43 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Compass Group LLC acquired a new position in shares of DLocal during the 3rd quarter worth approximately $4,092,000. Marshall Wace LLP acquired a new position in shares of DLocal during the 3rd quarter worth approximately $9,816,000. Exchange Traded Concepts LLC boosted its holdings in shares of DLocal by 2,469.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 2,903 shares of the company’s stock worth $104,000 after purchasing an additional 2,790 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in shares of DLocal during the 4th quarter valued at approximately $311,000. Finally, UBS Group AG raised its position in shares of DLocal by 3,085.5% during the 3rd quarter. UBS Group AG now owns 83,269 shares of the company’s stock valued at $4,543,000 after buying an additional 80,655 shares during the period. Institutional investors and hedge funds own 93.26% of the company’s stock.

About DLocal (NASDAQ:DLO)

DLocal Limited operates a payments platform worldwide. Its platform enables enterprise merchants to connect with consumers in emerging markets, accept payments, send payouts, and settle funds. The company serves customers in various industries, such as SaaS, shared economy and marketplaces, online retail, digital media, financial services, and travel and tourism.

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