DLocal (NASDAQ:DLO) Shares Gap Down - Should You Sell?

DLocal Limited (NASDAQ:DLO - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.75, but opened at $9.56. DLocal shares last traded at $9.95, with a volume of 1,429,641 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised DLocal from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $14.00 to $18.00 in a research report on Wednesday, February 26th. Susquehanna lifted their target price on DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Morgan Stanley reissued an "equal weight" rating and issued a $10.00 price target (down from $11.00) on shares of DLocal in a research report on Friday. 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, Barclays dropped their price objective on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, DLocal presently has an average rating of "Hold" and a consensus target price of $11.94.

DLocal Price Performance

The firm has a market capitalization of $2.89 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.09 and a beta of 0.90. 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 50 day moving average of $12.28 and a two-hundred day moving average of $10.42.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $204.49 million for the quarter, compared to the consensus estimate of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. Sell-side analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock valued at $25,000 after purchasing an additional 1,797 shares during the last quarter. Activest Wealth Management increased its holdings in shares of DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company's stock worth $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC acquired a new position in shares of DLocal during the fourth quarter valued at about $55,000. R Squared Ltd bought a new stake in shares of DLocal in the fourth quarter valued at about $82,000. Finally, Virtu Financial LLC acquired a new stake in DLocal during the fourth quarter worth about $142,000. 90.13% of the stock is owned by institutional investors.

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.