DLocal (NASDAQ:DLO) Shares Gap Up – Here’s Why

DLocal Limited (NASDAQ:DLO) gapped up before the market opened on Monday . The stock had previously closed at $11.44, but opened at $11.90. DLocal shares last traded at $11.59, with a volume of 262,579 shares traded.

Analyst Upgrades and Downgrades

DLO has been the subject of several research analyst reports. Bank of America boosted their price objective on DLocal from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Barclays upped their price target on shares of DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Finally, Susquehanna cut their price objective on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, DLocal currently has a consensus rating of “Hold” and a consensus target price of $12.61.

DLocal Stock Performance

The stock has a market capitalization of $3.42 billion, a P/E ratio of 28.70, a P/E/G ratio of 3.30 and a beta of 0.74. 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 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $8.59.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million for the quarter, compared to the consensus estimate of $181.47 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds and other institutional investors have recently modified their holdings of DLO. Quarry LP grew its position in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of DLocal during the third quarter worth $109,000. Ridgewood Investments LLC grew its stake in shares of DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in DLocal in the first quarter valued at $218,000. Finally, Krane Funds Advisors LLC acquired a new stake in DLocal in the second quarter valued at $122,000. Institutional investors own 90.13% of the company’s stock.

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.