DLocal (NASDAQ:DLO) Shares Gap Down - Time to Sell?

DLocal Limited (NASDAQ:DLO - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.68, but opened at $9.45. DLocal shares last traded at $9.21, with a volume of 372,373 shares changing hands.

Analyst Upgrades and Downgrades

DLO has been the subject of several research analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays dropped their price target on DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and raised their target price for the company from $14.00 to $18.00 in a report on Wednesday, February 26th. Susquehanna upped their price target on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, DLocal currently has an average rating of "Hold" and a consensus price target of $11.94.

DLocal Price Performance

The stock's 50 day moving average price is $11.32 and its 200-day moving average price is $10.48. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.47 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96.

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DLocal (NASDAQ:DLO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $204.49 million for the quarter, compared to the consensus estimate of $204.98 million. As a group, equities analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC lifted its stake in DLocal by 6.3% in the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company's stock worth $176,000 after acquiring an additional 929 shares during the period. State of Wyoming lifted its position in shares of DLocal by 12.3% in the 4th quarter. State of Wyoming now owns 28,240 shares of the company's stock worth $318,000 after purchasing an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of DLocal by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company's stock valued at $1,478,000 after purchasing an additional 5,853 shares in the last quarter. J. Goldman & Co LP increased its holdings in DLocal by 175.5% during the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after buying an additional 860,681 shares during the period. Finally, Crestline Management LP raised its stake in DLocal by 148.2% in the fourth quarter. Crestline Management LP now owns 134,903 shares of the company's stock worth $1,519,000 after buying an additional 80,551 shares in the last quarter. 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.