DLocal (NASDAQ:DLO) Stock Price Up 4.7% – Time to Buy?

Shares of DLocal Limited (NASDAQ:DLO) rose 4.7% during trading on Monday . The stock traded as high as $10.18 and last traded at $10.01. Approximately 1,123,574 shares traded hands during trading, a decline of 14% from the average daily volume of 1,303,622 shares. The stock had previously closed at $9.56.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research note on Friday. The Goldman Sachs Group boosted their target price on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays cut their price target on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday. Susquehanna boosted their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, DLocal presently has a consensus rating of “Hold” and an average target price of $11.94.

DLocal Stock Performance

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 firm’s fifty day moving average price is $12.28 and its 200-day moving average price is $10.42. The company has a market cap of $2.89 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.09 and a beta of 0.90.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 32.59% and a net margin of 16.35%. As a group, research analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its stake in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after buying an additional 1,797 shares in the last quarter. Activest Wealth Management boosted its stake in shares of DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of DLocal in the 4th quarter worth about $55,000. R Squared Ltd acquired a new stake in shares of DLocal during the 4th quarter worth about $82,000. Finally, International Assets Investment Management LLC bought a new position in DLocal during the 3rd quarter valued at about $109,000. 90.13% of the stock is currently owned by institutional investors.

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.