DLocal (NASDAQ:DLO) Sees Unusually-High Trading Volume - Time to Buy?

Shares of DLocal Limited (NASDAQ:DLO - Get Free Report) saw an uptick in trading volume on Wednesday . 1,170,791 shares were traded during mid-day trading, a decline of 26% from the previous session's volume of 1,571,739 shares.The stock last traded at $12.47 and had previously closed at $12.03.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their target price on DLocal from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $12.61.

DLocal Trading Down 2.1 %

The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.49 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89. The business has a fifty day moving average price of $10.00 and a 200 day moving average price of $8.77.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business's revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts expect that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC boosted its holdings in shares of DLocal by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company's stock valued at $379,000 after buying an additional 2,989 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in DLocal by 24.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company's stock valued at $127,000 after acquiring an additional 3,101 shares during the last quarter. Ridgewood Investments LLC grew its position in shares of DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock valued at $110,000 after acquiring an additional 3,293 shares during the period. Quarry LP grew its position in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock valued at $32,000 after acquiring an additional 3,599 shares during the period. Finally, Penserra Capital Management LLC increased its stake in shares of DLocal by 5.3% during the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company's stock worth $994,000 after purchasing an additional 6,220 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors.

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.