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

Shares of DLocal Limited (NASDAQ:DLO) gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna dropped their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a research note on Thursday, August 15th. Bank of America raised their target price on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, 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 research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.61.

DLocal Stock Performance

The firm has a 50 day moving average price of $9.21 and a 200-day moving average price of $8.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market cap 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.

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

Institutional Investors Weigh In On DLocal

A number of hedge funds have recently added to or reduced their stakes in DLO. Main Management ETF Advisors LLC acquired a new stake in shares of DLocal in the 3rd quarter valued at $888,000. State Street Corp boosted its holdings in DLocal by 1.4% during the third quarter. State Street Corp now owns 511,252 shares of the company’s stock worth $4,090,000 after buying an additional 6,992 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of DLocal by 22.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 128,800 shares of the company’s stock worth $1,030,000 after buying an additional 23,480 shares during the period. Centiva Capital LP increased its stake in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after acquiring an additional 71,892 shares during the last quarter. Finally, PDT Partners LLC raised its position in shares of 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 acquiring an additional 336,131 shares during the period. 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.