DLocal (NASDAQ:DLO) Sees Unusually-High Trading Volume – Should You Buy?

DLocal Limited (NASDAQ:DLO) shares saw strong trading volume on Wednesday . 1,170,791 shares traded hands during trading, a decline of 26% from the previous session’s volume of 1,571,739 shares.The stock last traded at $12.47 and had previously closed at $12.03.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.61.

DLocal Price Performance

The business has a 50-day moving average of $10.00 and a two-hundred day moving average of $8.77. 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 has a market cap of $3.70 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 3.36 and a beta of 0.89.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several institutional investors have recently modified their holdings of the business. Quarry LP raised its holdings in 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 purchasing an additional 3,599 shares during the last quarter. International Assets Investment Management LLC acquired a new position in DLocal in the third quarter valued at $109,000. Ridgewood Investments LLC boosted its position in DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after acquiring an additional 3,293 shares during the last quarter. Krane Funds Advisors LLC acquired a new stake in DLocal during the 2nd quarter worth about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after acquiring an additional 3,101 shares during the period. 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.