DLocal (NASDAQ:DLO) Shares Gap Up – Here’s What Happened

DLocal Limited (NASDAQ:DLO)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.90, but opened at $13.79. DLocal shares last traded at $13.60, with a volume of 416,130 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on DLO shares. The Goldman Sachs Group lifted their target price on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Barclays upped their target price on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Susquehanna upped their price objective 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. raised shares of DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.00 to $18.00 in a research report on Wednesday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, DLocal has an average rating of “Hold” and an average price target of $12.31.

DLocal Price Performance

The business’s 50 day moving average is $12.22 and its two-hundred day moving average is $10.32. 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 firm has a market capitalization of $4.05 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Azora Capital LP bought a new stake in shares of DLocal during the 4th quarter valued at about $37,144,000. Canada Pension Plan Investment Board purchased a new stake in shares of DLocal during the 4th quarter valued at $25,099,000. Baillie Gifford & Co. lifted its holdings in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after acquiring an additional 1,360,183 shares during the last quarter. J. Goldman & Co LP grew its position in DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock worth $15,214,000 after acquiring an additional 860,681 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in DLocal in the fourth quarter valued at $5,720,000. Hedge funds and other 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.