DLocal (NASDAQ:DLO) Sees Unusually-High Trading Volume – What’s Next?

Shares of DLocal Limited (NASDAQ:DLO) saw strong trading volume on Tuesday . 1,826,782 shares were traded during mid-day trading, an increase of 127% from the previous session’s volume of 805,297 shares.The stock last traded at $11.33 and had previously closed at $10.95.

Analyst Ratings Changes

Separately, Barclays boosted their target price on shares of DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.19.

DLocal Price Performance

The company has a fifty day moving average price of $11.10 and a two-hundred day moving average price of $9.29. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.69 and a beta of 0.87.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew 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 valued at $32,000 after purchasing an additional 3,599 shares during the period. International Assets Investment Management LLC acquired a new stake in DLocal in the 3rd quarter valued at $109,000. Aigen Investment Management LP acquired a new position in DLocal during the third quarter worth $152,000. Squarepoint Ops LLC bought a new stake in DLocal during the second quarter worth about $157,000. Finally, GW Henssler & Associates Ltd. bought a new position in DLocal in the 3rd quarter valued at $170,000. Institutional investors own 90.13% of the company’s stock.

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.