DLocal (NASDAQ:DLO) Shares Gap Down – What’s Next?

DLocal Limited (NASDAQ:DLO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.68, but opened at $9.45. DLocal shares last traded at $9.21, with a volume of 372,373 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on DLO. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a research report on Friday, February 28th. JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their price objective on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report 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 report on Wednesday, January 29th. Finally, Barclays lowered their price objective on DLocal from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.94.

DLocal Stock Down 7.7 %

The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 3.09 and a beta of 0.96. The firm has a 50 day moving average of $11.50 and a 200 day moving average of $10.49. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released 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 company had revenue of $204.49 million for the quarter, compared to the consensus estimate of $204.98 million. DLocal had a net margin of 16.35% and a return on equity of 32.59%. As a group, sell-side analysts predict that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Trading of DLocal

Several large investors have recently made changes to their positions in DLO. Empowered Funds LLC boosted its holdings in DLocal by 6.7% in the third quarter. Empowered Funds LLC now owns 47,407 shares of the company’s stock worth $379,000 after acquiring an additional 2,989 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of DLocal by 5.3% in the 3rd quarter. Penserra Capital Management LLC now owns 124,287 shares of the company’s stock worth $994,000 after purchasing an additional 6,220 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in DLocal in the 3rd quarter valued at $488,000. PDT Partners LLC grew its position in 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 purchasing an additional 336,131 shares during the period. Finally, Centiva Capital LP increased its stake in DLocal by 317.8% during the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after purchasing an additional 71,892 shares in the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.