DLocal (NASDAQ:DLO) Sees Unusually-High Trading Volume – Here’s Why

Shares of DLocal Limited (NASDAQ:DLO) saw an uptick in 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 Analysts Forecast Growth

Separately, Barclays increased 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DLocal has an average rating of “Hold” and an average target price of $12.61.

DLocal Stock Performance

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 stock has a market cap of $3.37 billion, a P/E ratio of 28.48, a P/E/G ratio of 3.36 and a beta of 0.89. The business’s 50-day moving average price is $10.10 and its 200-day moving average price is $8.81.

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. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DLO. Empowered Funds LLC increased its position in DLocal by 6.7% in the third quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after purchasing an additional 2,989 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of DLocal by 24.7% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after buying an additional 3,101 shares during the last quarter. Ridgewood Investments LLC raised its position in shares of DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after buying an additional 3,293 shares in the last quarter. Quarry LP lifted its holdings 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 acquiring an additional 3,599 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in DLocal by 5.3% in the third quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock worth $994,000 after acquiring an additional 6,220 shares in the last quarter. Institutional investors own 90.13% of the company’s stock.

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.