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

DLocal Limited (NASDAQ:DLO)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.33, but opened at $8.50. DLocal shares last traded at $8.29, with a volume of 94,017 shares trading hands.

Wall Street Analysts Forecast Growth

DLO has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. 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 report on Friday, February 28th. Barclays cut their target price on shares of DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Finally, Susquehanna increased their price objective on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.94.

DLocal Trading Up 0.2 %

The company has a market cap of $2.47 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The stock has a 50-day moving average of $11.32 and a two-hundred day moving average of $10.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $204.49 million for the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. On average, equities research analysts predict that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently made changes to their positions in DLO. PEAK6 Investments LLC bought a new position in DLocal in the 3rd quarter valued at approximately $488,000. Centiva Capital LP lifted its holdings in shares of DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after purchasing an additional 71,892 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of DLocal by 22.3% during the third quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company’s stock valued at $1,030,000 after buying an additional 23,480 shares during the last quarter. State Street Corp increased its holdings in DLocal by 1.4% in the 3rd quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after buying an additional 6,992 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in DLocal in the 3rd quarter worth about $888,000. Hedge funds and other 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.