DLocal (NASDAQ:DLO) Sees Strong Trading Volume – Here’s What Happened

DLocal Limited (NASDAQ:DLO) shares saw unusually-high trading volume on Tuesday . Approximately 1,826,782 shares changed hands 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 increased their price objective on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.19.

DLocal Trading Up 3.3 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 3.38 and a beta of 0.89. The firm has a fifty day moving average price of $10.98 and a 200-day moving average price of $9.25.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new position in DLocal in the third quarter valued at about $109,000. Aigen Investment Management LP acquired a new position in DLocal during the third quarter worth about $152,000. Squarepoint Ops LLC bought a new position in DLocal in the 2nd quarter valued at approximately $157,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of DLocal in the 3rd quarter valued at $170,000. 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.