DLocal Limited (NASDAQ:DLO - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 1,826,782 shares were traded during mid-day trading, an increase of 127% from the previous session's volume of 805,297 shares.The stock last traded at $11.33 and had previously closed at $10.95.
Wall Street Analysts Forecast Growth
Separately, Barclays lifted their price objective on DLocal from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, DLocal currently has a consensus rating of "Hold" and an average target price of $11.19.
Get Our Latest Report on DLO
DLocal Price Performance
The firm has a 50 day moving average price of $11.04 and a two-hundred day moving average price of $9.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap of $3.35 billion, a P/E ratio of 28.30, a P/E/G ratio of 3.38 and a beta of 0.89.
DLocal (NASDAQ:DLO - Get Free Report) last issued its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter last year, the company earned $0.16 EPS. The firm's revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.
Institutional Trading of DLocal
A number of large investors have recently modified their holdings of DLO. 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 valued at $19,398,000 after buying an additional 906,561 shares in the last quarter. Garden State Investment Advisory Services LLC purchased a new position in shares of DLocal during the 2nd quarter valued at about $226,000. Squarepoint Ops LLC purchased a new position in shares of DLocal during the 2nd quarter valued at about $157,000. Millennium Management LLC raised its holdings in shares of DLocal by 151.2% during 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. Finally, Quarry LP raised its holdings in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock valued at $32,000 after buying an additional 3,599 shares in the last quarter. Institutional investors own 90.13% of the company's stock.
About DLocal
(
Get Free Report)
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.
See Also
Before you consider DLocal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DLocal wasn't on the list.
While DLocal currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
