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

DLocal Limited (NASDAQ:DLO) shares 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.

Analysts Set New Price Targets

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

DLocal Trading Down 7.7 %

The firm’s fifty day simple moving average is $11.50 and its 200 day simple moving average is $10.49. The stock has a market capitalization of $2.64 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 3.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $204.49 million during 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, equities research analysts forecast that DLocal Limited will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DLO. Wells Fargo & Company MN grew its holdings in shares of DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the last quarter. Activest Wealth Management grew its stake 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 worth $30,000 after buying an additional 2,656 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of DLocal during the fourth quarter worth $55,000. R Squared Ltd bought a new position in shares of DLocal in the 4th quarter valued at $82,000. Finally, Virtu Financial LLC acquired a new stake in shares of DLocal during the 4th quarter valued at $142,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.