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

DLocal Limited (NASDAQ:DLO)’s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DLO. Barclays decreased their price target on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th. Susquehanna decreased their price objective on shares of 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 target price 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.50.

DLocal Stock Up 12.3 %

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.00 billion, a P/E ratio of 23.82, a price-to-earnings-growth 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.

DLocal (NASDAQ:DLO) last announced its quarterly earnings results 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 return on equity of 34.35% and a net margin of 18.76%. The company had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. During the same period in the prior year, the business posted $0.15 EPS. DLocal’s revenue was up 6.3% on a year-over-year basis. As a group, equities research analysts expect that DLocal Limited will post 0.42 EPS for the current year.

Hedge Funds Weigh In On DLocal

Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in DLocal by 180.8% in the third 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 in the last quarter. Fourth Sail Capital LP grew its stake in DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company’s stock valued at $19,398,000 after purchasing an additional 906,561 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of DLocal during the 2nd quarter worth approximately $157,000. Sylebra Capital LLC bought a new position in shares of DLocal in the 2nd quarter valued at about $13,565,000. Finally, Garden State Investment Advisory Services LLC acquired a new position in DLocal during the second quarter worth approximately $226,000. 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.