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

DLocal Limited (NASDAQ:DLO) shares 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.

Wall Street Analysts Forecast Growth

DLO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of DLocal from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group upped their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Barclays cut their target price on DLocal from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Susquehanna upped their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.94.

DLocal Stock Up 3.2 %

The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 3.09 and a beta of 0.96. The firm has a 50-day moving average of $11.19 and a two-hundred day moving average of $10.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. As a group, sell-side analysts predict that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after buying an additional 1,797 shares during the last quarter. Activest Wealth Management increased its position in shares of DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC acquired a new position in shares of DLocal in the fourth quarter valued at $55,000. R Squared Ltd bought a new position in DLocal in the fourth quarter worth $82,000. Finally, Virtu Financial LLC acquired a new stake in DLocal during the fourth quarter worth $142,000. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.