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

DLocal Limited (NASDAQ:DLO - Get Free Report)'s stock price traded 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. 309,731 shares traded hands during trading, a decline of 81% from the average session volume of 1,600,317 shares. The stock had previously closed at $9.89.

A number of other equities research analysts have also recently issued reports on DLO. Bank of America raised their target price on DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Thursday, August 15th. Susquehanna cut their price objective on shares of DLocal from $21.00 to $14.00 and set a "positive" rating on the stock in a research 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. Based on data from MarketBeat, DLocal currently has an average rating of "Hold" and an average target price of $12.61.

Institutional Investors Weigh In On DLocal

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of DLocal by 1,124.7% in the 2nd quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of DLocal during the 3rd quarter valued at about $109,000. Ridgewood Investments LLC grew its stake in shares of DLocal by 31.8% in the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after purchasing an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of DLocal in the 1st quarter worth approximately $218,000. Finally, Krane Funds Advisors LLC acquired a new stake in DLocal during the second quarter valued at approximately $122,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Stock Up 6.9 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.50. The stock has a market capitalization of $3.13 billion, a P/E ratio of 24.30, a PEG ratio of 4.58 and a beta of 0.74. The stock's fifty day moving average is $8.70 and its two-hundred day moving average is $8.75.

DLocal (NASDAQ:DLO - Get Free Report) last announced 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 net margin of 16.35% and a return on equity of 32.59%. The company had revenue of $185.80 million during the quarter, compared to analysts' expectations of $181.47 million. During the same period last year, the company posted $0.16 earnings per share. The business's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

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.