DLocal (NASDAQ:DLO) Stock Price Up 8.8% – Here’s What Happened

DLocal Limited (NASDAQ:DLO)’s stock price traded up 8.8% during trading on Monday . The company traded as high as $9.30 and last traded at $9.38. 686,249 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,633,652 shares. The stock had previously closed at $8.62.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DLO shares. Susquehanna upped their price objective on 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 DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a report on Friday, February 28th. The Goldman Sachs Group upped their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.94.

DLocal Stock Performance

The stock has a market capitalization of $2.78 billion, a P/E ratio of 23.44, a PEG ratio of 3.09 and a beta of 0.96. 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 50-day moving average price of $11.78 and a two-hundred day moving average price of $10.45.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The business had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. Equities analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

Hedge Funds Weigh In On DLocal

Several institutional investors and hedge funds have recently bought and sold shares of DLO. Vident Advisory LLC grew its position in shares of DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after buying an additional 929 shares during the last quarter. State of Wyoming lifted its stake in DLocal by 12.3% in the fourth quarter. State of Wyoming now owns 28,240 shares of the company’s stock worth $318,000 after acquiring an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in DLocal by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock valued at $1,478,000 after acquiring an additional 5,853 shares in the last quarter. J. Goldman & Co LP increased its position in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the period. Finally, Crestline Management LP raised its holdings in DLocal by 148.2% in the 4th quarter. Crestline Management LP now owns 134,903 shares of the company’s stock worth $1,519,000 after purchasing an additional 80,551 shares in the last quarter. 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.