DLocal (NASDAQ:DLO) Shares Gap Up - Here's Why

DLocal Limited (NASDAQ:DLO - Get Free Report)'s stock 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 trading hands.

Analyst Ratings Changes

DLO has been the topic of several research analyst reports. Susquehanna increased their price objective on shares of DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Barclays raised their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $10.00 target price (down previously from $11.00) on shares of DLocal in a research report on Friday. JPMorgan Chase & Co. upgraded DLocal from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $14.00 to $18.00 in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Seven analysts have rated the stock with a hold rating and two have given 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 $12.06.

DLocal Stock Down 30.5 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 3.09 and a beta of 0.90. The stock has a 50-day moving average of $12.28 and a 200-day moving average of $10.40.

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DLocal (NASDAQ:DLO - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts' expectations of $204.98 million. Sell-side analysts predict that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Azora Capital LP bought a new stake in DLocal during the fourth quarter worth $37,144,000. Canada Pension Plan Investment Board bought a new stake in shares of DLocal during the 4th quarter worth $25,099,000. Baillie Gifford & Co. boosted its stake in DLocal by 108.5% in the fourth quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after buying an additional 1,360,183 shares in the last quarter. J. Goldman & Co LP boosted its stake in DLocal by 175.5% in 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 in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in DLocal in the fourth quarter valued at about $5,720,000. 90.13% of the stock is owned by institutional investors.

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.