DLocal (NASDAQ:DLO) Sees Large Volume Increase After Strong Earnings

DLocal Limited (NASDAQ:DLOGet Free Report) saw strong trading volume on Friday following a better than expected earnings announcement. 1,416,134 shares changed hands during trading, a decline of 7% from the previous session’s volume of 1,515,461 shares.The stock last traded at $11.60 and had previously closed at $12.66.

The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. DLocal had a net margin of 18.00% and a return on equity of 40.40%. DLocal’s revenue was up 54.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS.

DLocal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.1939 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Wednesday, May 27th.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of DLocal from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Truist Financial lowered their price objective on DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Weiss Ratings restated a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price target on DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Monday, February 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $17.00 price target on shares of DLocal in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.63.

View Our Latest Stock Report on DLocal

Hedge Funds Weigh In On DLocal

Several hedge funds have recently modified their holdings of DLO. Caitong International Asset Management Co. Ltd lifted its position in shares of DLocal by 114.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,826 shares of the company’s stock worth $26,000 after buying an additional 975 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of DLocal during the third quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new stake in shares of DLocal during the third quarter valued at approximately $29,000. University of Texas Texas AM Investment Management Co. bought a new stake in DLocal during the fourth quarter worth $40,000. Finally, Banque Cantonale Vaudoise bought a new stake in DLocal during the first quarter worth $42,000. Institutional investors own 90.13% of the company’s stock.

DLocal Stock Down 9.0%

The firm has a market cap of $3.40 billion, a PE ratio of 17.99 and a beta of 1.04. The company has a 50-day simple moving average of $12.81 and a two-hundred day simple moving average of $13.37.

About DLocal

(Get Free Report)

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.

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