DLocal (NASDAQ:DLO) Trading Up 5.3% After Analyst Upgrade

DLocal Limited (NASDAQ:DLO)’s stock price was up 5.3% during trading on Monday after Barclays raised their price target on the stock from $8.00 to $9.00. Barclays currently has an equal weight rating on the stock. DLocal traded as high as $10.46 and last traded at $10.41. Approximately 309,731 shares changed hands during trading, a decline of 81% from the average daily volume of 1,600,317 shares. The stock had previously closed at $9.89.

A number of other brokerages have also recently weighed in on DLO. Bank of America lifted their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Susquehanna decreased their price objective on DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $12.61.

Institutional Trading of DLocal

A number of institutional investors have recently modified their holdings of the stock. Fourth Sail Capital LP raised its holdings in shares of DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after buying an additional 906,561 shares in the last quarter. Sylebra Capital LLC acquired a new position in DLocal in the second quarter valued at $13,565,000. Baillie Gifford & Co. boosted its position in shares of DLocal by 0.8% during the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after purchasing an additional 9,340 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of DLocal during the 1st quarter worth approximately $9,949,000. Finally, Millennium Management LLC increased its position in DLocal by 151.2% in the 2nd quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after buying an additional 387,762 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors.

DLocal Trading Up 6.9 %

The company has a market capitalization of $3.13 billion, a P/E ratio of 26.43, a P/E/G ratio of 4.58 and a beta of 0.74. The firm’s 50-day moving average price is $8.74 and its 200 day moving average price is $8.72. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $181.47 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts predict that DLocal Limited will post 0.47 earnings per share for the current year.

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.