DLocal (NASDAQ:DLO) Shares Gap Up - Time to Buy?

DLocal Limited (NASDAQ:DLO - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.04, but opened at $10.80. DLocal shares last traded at $10.48, with a volume of 2,148,628 shares trading hands.

Analyst Upgrades and Downgrades

DLO has been the topic of several research analyst reports. Barclays decreased their price objective on shares of DLocal from $14.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 6th. Bank of America upped their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Finally, Susquehanna lowered their price objective on shares of DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a research report on Thursday, August 15th. Seven 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 target price of $12.50.

DLocal Stock Up 12.8 %

The firm has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $8.85. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 4.33 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.50.

DLocal (NASDAQ:DLO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $171.30 million for the quarter, compared to analyst estimates of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The company's revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. As a group, sell-side analysts anticipate that DLocal Limited will post 0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DLocal

Hedge funds have recently bought and sold shares of the company. Sylebra Capital LLC acquired a new stake in DLocal during the second quarter worth approximately $13,565,000. Fourth Sail Capital LP raised its holdings in DLocal by 60.8% in the 2nd quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company's stock valued at $19,398,000 after acquiring an additional 906,561 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in DLocal during the first quarter worth about $9,949,000. Millennium Management LLC grew its stake in DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company's stock worth $5,212,000 after buying an additional 387,762 shares in the last quarter. Finally, PDT Partners LLC increased its holdings in DLocal by 1,430.1% in the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company's stock valued at $2,877,000 after buying an additional 336,131 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.