DLocal (NASDAQ:DLO) Shares Gap Down – Time to Sell?

DLocal Limited (NASDAQ:DLO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $13.75, but opened at $9.56. DLocal shares last traded at $9.95, with a volume of 1,429,641 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DLO shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price target (down previously from $11.00) on shares of DLocal in a research note on Friday. Barclays upped their price target on DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. The Goldman Sachs Group upped 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. Susquehanna upped their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $14.00 to $18.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.06.

DLocal Trading Down 30.5 %

The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.09 and a beta of 0.90. 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 business has a 50-day moving average of $12.28 and a 200-day moving average of $10.40.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million during the quarter, compared to analysts’ expectations of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. As a group, research analysts forecast that DLocal Limited will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DLO. International Assets Investment Management LLC purchased a new position in shares of DLocal in the 3rd quarter valued at approximately $109,000. GSA Capital Partners LLP grew its stake in shares of DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after purchasing an additional 175,116 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of DLocal by 0.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock valued at $10,027,000 after purchasing an additional 9,340 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of DLocal in the 3rd quarter valued at approximately $152,000. Finally, Empowered Funds LLC grew its stake in shares of DLocal by 6.7% in the 3rd quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock valued at $379,000 after purchasing an additional 2,989 shares during the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Company Profile

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.