DLocal (NASDAQ:DLO) Shares Gap Up - What's Next?

DLocal Limited (NASDAQ:DLO - Get Free Report) 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 traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 price objective (down previously from $11.00) on shares of DLocal in a research report on Friday, February 28th. Barclays cut their price objective on shares of DLocal from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Susquehanna lifted their price target on shares of DLocal from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, May 15th. Finally, Truist Financial assumed coverage on shares of DLocal in a research report on Monday, June 2nd. They issued a "hold" rating and a $12.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.45.

DLocal Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.65. The stock's 50 day simple moving average is $9.98 and its two-hundred day simple moving average is $10.64. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 0.98 and a beta of 1.10.

DLocal (NASDAQ:DLO - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.15 EPS 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 company had revenue of $216.76 million for the quarter, compared to the consensus estimate of $213.52 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, analysts forecast that DLocal Limited will post 0.47 earnings per share for the current fiscal year.

DLocal Dividend Announcement

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

Institutional Trading of DLocal

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd bought a new stake in DLocal during the 4th quarter worth approximately $300,000. SBI Securities Co. Ltd. bought a new stake in DLocal during the 4th quarter worth approximately $233,000. Lane Generational LLC increased its stake in DLocal by 0.4% during the 4th quarter. Lane Generational LLC now owns 412,233 shares of the company's stock worth $4,642,000 after purchasing an additional 1,717 shares in the last quarter. Virtu Financial LLC bought a new stake in DLocal during the 4th quarter worth approximately $142,000. Finally, Alliancebernstein L.P. bought a new stake in DLocal during the 4th quarter worth approximately $2,007,000. 90.13% of the stock is owned by institutional investors.

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.