DLocal (NASDAQ:DLO) Trading Up 5.5%

DLocal Limited (NASDAQ:DLO)’s stock price was up 5.5% during trading on Thursday . The company traded as high as $59.17 and last traded at $59.09. Approximately 6,326 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 1,598,859 shares. The stock had previously closed at $56.00.

Several research analysts recently issued reports on DLO shares. The Goldman Sachs Group increased their target price on shares of DLocal from $30.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 25th. Bank of America started coverage on shares of DLocal in a research note on Monday, June 28th. They set a “buy” rating and a $55.00 target price on the stock. New Street Research started coverage on shares of DLocal in a research note on Friday, August 6th. They set a “neutral” rating and a $50.00 target price on the stock. Citigroup started coverage on shares of DLocal in a research note on Monday, June 28th. They set a “neutral” rating on the stock. Finally, HSBC increased their target price on shares of DLocal from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, August 19th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, DLocal has an average rating of “Hold” and an average target price of $55.50.

The company’s 50 day simple moving average is $59.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.73.

DLocal (NASDAQ:DLO) last announced its earnings results on Tuesday, August 17th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $59.00 million during the quarter, compared to analysts’ expectations of $40.70 million. The company’s quarterly revenue was up 186.4% compared to the same quarter last year. As a group, equities analysts predict that DLocal Limited will post 0.27 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Bamco Inc. NY purchased a new stake in shares of DLocal in the second quarter valued at about $59,214,000. Matthews International Capital Management LLC purchased a new stake in DLocal during the second quarter worth about $213,000. Sei Investments Co. purchased a new stake in DLocal during the second quarter worth about $1,205,000. Frontier Capital Management Co. LLC purchased a new stake in DLocal during the second quarter worth about $53,015,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in DLocal during the second quarter worth about $4,672,000. Institutional investors own 67.17% of the company’s stock.

About DLocal (NASDAQ:DLO)

DLocal Limited operates a payments platform worldwide. Its platform enables enterprise merchants to connect with consumers in emerging markets, accept payments, send payouts, and settle funds. The company serves customers in various industries, such as SaaS, shared economy and marketplaces, online retail, digital media, financial services, and travel and tourism.

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