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

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

Wall Street Analyst Weigh In

DLO has been the topic of a number of research analyst reports. Barclays dropped their target price 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. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Susquehanna upped their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Finally, The Goldman Sachs Group increased their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.94.

DLocal Trading Down 3.2 %

The stock has a market capitalization of $2.70 billion, a P/E ratio of 22.80, a P/E/G 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 stock’s 50 day moving average price is $11.68 and its 200-day moving average price is $10.46.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $204.49 million during the quarter, compared to the consensus estimate 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 expect that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Several institutional investors have recently bought and sold shares of the company. Vident Advisory LLC boosted its stake in DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after acquiring an additional 929 shares in the last quarter. State of Wyoming boosted its stake in DLocal by 12.3% in the fourth quarter. State of Wyoming now owns 28,240 shares of the company’s stock valued at $318,000 after acquiring an additional 3,087 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of DLocal by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock worth $1,478,000 after buying an additional 5,853 shares during the last quarter. J. Goldman & Co LP raised its holdings in shares of DLocal by 175.5% in 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 during the last quarter. Finally, Crestline Management LP raised its holdings in shares of DLocal by 148.2% in the fourth quarter. Crestline Management LP now owns 134,903 shares of the company’s stock worth $1,519,000 after buying an additional 80,551 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.