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

Shares of DLocal Limited (NASDAQ:DLO) gapped down before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

DLO has been the subject of several recent research reports. Susquehanna lifted 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. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research report on Friday. 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 research report on Wednesday. The Goldman Sachs Group boosted their price objective on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, Barclays boosted their price objective on DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.06.

DLocal Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a 50 day moving average price of $12.28 and a 200-day moving average price of $10.40. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90.

DLocal (NASDAQ:DLO) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $204.49 million for 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%. On average, analysts forecast that DLocal Limited will post 0.47 earnings per share for the current year.

Institutional Trading of DLocal

Institutional investors have recently made changes to their positions in the company. Vident Advisory LLC boosted its stake in DLocal by 6.3% during the fourth quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after buying an additional 929 shares during the last quarter. Mariner LLC boosted its stake in DLocal by 6.0% during the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after buying an additional 1,365 shares during the last quarter. Lane Generational LLC boosted its stake in DLocal by 0.4% during the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock worth $4,642,000 after buying an additional 1,717 shares during the last quarter. Wells Fargo & Company MN boosted its stake in DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after buying an additional 1,797 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in 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. 90.13% of the stock is 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.