DLocal (NASDAQ:DLO) Shares Up 4.6% – Should You Buy?

DLocal Limited (NASDAQ:DLO)’s share price shot up 4.6% during trading on Tuesday . The stock traded as high as $9.05 and last traded at $9.05. 1,206,229 shares were traded during mid-day trading, a decline of 22% from the average session volume of 1,544,022 shares. The stock had previously closed at $8.65.

Analysts Set New Price Targets

DLO has been the topic of several research reports. Susquehanna decreased their target price on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Barclays decreased their target price on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Finally, Bank of America upped their price target on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.50.

DLocal Stock Performance

The firm’s 50-day simple moving average is $8.61 and its two-hundred day simple moving average is $8.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.77 billion, a PE ratio of 19.66, a PEG ratio of 3.89 and a beta of 0.74.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $203.18 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts expect that DLocal Limited will post 0.42 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Hedge funds have recently modified their holdings of the stock. Fourth Sail Capital LP grew its holdings in DLocal by 60.8% during the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock worth $19,398,000 after acquiring an additional 906,561 shares during the last quarter. Sylebra Capital LLC bought a new position in shares of DLocal in the second quarter valued at $13,565,000. Baillie Gifford & Co. lifted its stake in shares of DLocal by 0.8% in the third quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after buying an additional 9,340 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in shares of DLocal during the first quarter valued at about $9,949,000. Finally, Millennium Management LLC lifted its position in shares of DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company’s stock valued at $5,212,000 after purchasing an additional 387,762 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.