DLocal (NASDAQ:DLO) Trading Up 8.8% - Here's Why

DLocal Limited (NASDAQ:DLO - Get Free Report) shares shot up 8.8% on Monday . The stock traded as high as $9.30 and last traded at $9.38. 686,249 shares were traded during trading, a decline of 58% from the average session volume of 1,633,652 shares. The stock had previously closed at $8.62.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DLO. The Goldman Sachs Group increased their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price target for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna raised their price target on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Barclays dropped their price target on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $10.00 price target (down previously from $11.00) on shares of DLocal in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, DLocal currently has a consensus rating of "Hold" and an average price target of $11.94.

DLocal Stock Up 1.2 %

The firm's fifty day moving average price is $11.60 and its 200-day moving average price is $10.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market capitalization of $2.80 billion, a P/E ratio of 23.61, a PEG ratio of 3.09 and a beta of 0.96.

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DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $204.49 million during the quarter, compared to analysts' expectations of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, equities research analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Trading of DLocal

A number of large investors have recently added to or reduced their stakes in DLO. Azora Capital LP bought a new stake in DLocal during the fourth quarter worth approximately $37,144,000. Canada Pension Plan Investment Board bought a new stake in DLocal during the fourth quarter worth approximately $25,099,000. Baillie Gifford & Co. boosted its holdings in DLocal by 108.5% during the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock worth $29,428,000 after buying an additional 1,360,183 shares in the last quarter. J. Goldman & Co LP boosted its holdings in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock worth $15,214,000 after buying an additional 860,681 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in DLocal during the fourth quarter worth approximately $5,720,000. 90.13% of the stock is currently owned by institutional investors.

DLocal Company Profile

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.