DLocal (NASDAQ:DLO) Shares Gap Up - Here's Why

DLocal Limited (NASDAQ:DLO - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $10.26, but opened at $10.81. DLocal shares last traded at $11.25, with a volume of 1,117,168 shares changing hands.

Analysts Set New Price Targets

DLO has been the subject of several recent research reports. Citigroup initiated coverage on DLocal in a research report on Tuesday, May 27th. They set a "buy" rating and a $14.60 price target for the company. Susquehanna upped their price objective on DLocal from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, May 15th. Barclays decreased their target price on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Morgan Stanley restated an "equal weight" rating and set a $10.00 target price (down from $11.00) on shares of DLocal in a report on Friday, February 28th. Finally, Truist Financial started coverage on shares of DLocal in a research note on Monday, June 2nd. They issued a "hold" rating and a $12.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, DLocal currently has a consensus rating of "Hold" and a consensus price target of $12.45.

DLocal Trading Up 1.3%

The business has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.64. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.28 billion, a P/E ratio of 23.32, a PEG ratio of 1.05 and a beta of 1.10.

DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. DLocal had a net margin of 19.19% and a return on equity of 37.55%. The firm had revenue of $216.76 million for the quarter, compared to analysts' expectations of $213.52 million. During the same period in the prior year, the firm earned $0.06 EPS. The business's revenue was up 17.6% on a year-over-year basis. Analysts predict that DLocal Limited will post 0.47 earnings per share for the current year.

DLocal Dividend Announcement

The company also recently declared a -- dividend, which was paid on Tuesday, June 10th. Investors of record on Tuesday, May 27th were issued a dividend of $0.5251 per share. The ex-dividend date of this dividend was Tuesday, May 27th.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently modified their holdings of DLO. Wells Fargo & Company MN raised its stake in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company's stock worth $25,000 after purchasing an additional 1,797 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of DLocal by 603.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company's stock valued at $34,000 after buying an additional 3,477 shares during the period. Parvin Asset Management LLC bought a new stake in shares of DLocal in the fourth quarter valued at approximately $55,000. Caption Management LLC grew its position in DLocal by 164.7% during the first quarter. Caption Management LLC now owns 11,249 shares of the company's stock worth $94,000 after buying an additional 7,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in DLocal during the 4th quarter worth $142,000. Institutional investors own 90.13% of the company's stock.

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.