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

DLocal Limited (NASDAQ:DLO - Get Free Report) 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.

Analysts Set New Price Targets

DLO has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of DLocal from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $14.00 to $18.00 in a report on Wednesday, February 26th. The Goldman Sachs Group increased their target price on DLocal from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Morgan Stanley restated 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. 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. Finally, Barclays reduced their target price on DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.94.

DLocal Trading Up 1.0 %

The stock's fifty day moving average price is $11.13 and its 200 day moving average price is $10.48. The stock has a market cap of $2.58 billion, a P/E ratio of 21.75, a PEG ratio of 3.09 and a beta of 0.96. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

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DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share 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 analysts' expectations of $204.98 million. Equities research analysts expect that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Investors Weigh In On DLocal

Hedge funds have recently added to or reduced their stakes in the stock. Azora Capital LP bought a new position in DLocal in the 4th quarter worth about $37,144,000. Baillie Gifford & Co. grew its holdings in shares of DLocal by 108.5% during 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 during the last quarter. Canada Pension Plan Investment Board purchased a new position in DLocal in the 4th quarter worth approximately $25,099,000. J. Goldman & Co LP boosted its stake in DLocal by 175.5% during the 4th quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company's stock valued at $15,214,000 after purchasing an additional 860,681 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of DLocal by 82.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 987,978 shares of the company's stock worth $11,125,000 after purchasing an additional 445,549 shares in the last quarter. 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.