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

DLocal Limited (NASDAQ:DLO) shares 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 changing hands.

Wall Street Analysts Forecast Growth

DLO has been the topic of several research analyst reports. Barclays lowered their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 6th. Susquehanna lowered their price target on DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Finally, Bank of America boosted their price objective on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DLocal currently has a consensus rating of “Hold” and an average target price of $12.50.

DLocal Stock Performance

The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 4.33 and a beta of 0.74. The firm’s 50 day moving average price is $8.63 and its 200-day moving average price is $8.85. 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) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $203.18 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts anticipate that DLocal Limited will post 0.42 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its holdings in DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in DLocal in the 3rd quarter valued at $109,000. Ridgewood Investments LLC grew its position in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after acquiring an additional 3,293 shares during the period. Krane Funds Advisors LLC acquired a new position in DLocal during the second quarter worth $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after acquiring an additional 3,101 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.