DLocal (NASDAQ:DLO) Shares Gap Up – Here’s What Happened

DLocal Limited (NASDAQ:DLO)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.99, but opened at $13.64. DLocal shares last traded at $14.4410, with a volume of 1,094,971 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on DLO. Truist Financial dropped their price objective on shares of DLocal from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. UBS Group upgraded DLocal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $20.00 in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DLocal in a report on Monday, April 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $17.00 price target on shares of DLocal in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded DLocal from a “buy” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, DLocal has an average rating of “Buy” and an average price target of $17.25.

DLocal Price Performance

The firm’s fifty day moving average price is $12.53 and its 200-day moving average price is $12.99. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 23.13 and a beta of 0.99.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $335.86 million for the quarter, compared to analysts’ expectations of $331.20 million. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The company’s revenue for the quarter was up 54.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. As a group, equities analysts forecast that DLocal Limited will post 0.81 earnings per share for the current fiscal year.

Insider Activity at DLocal

In other news, Director William Rodney Pruett purchased 20,000 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of $11.85 per share, for a total transaction of $237,000.00. Following the completion of the purchase, the director owned 108,043 shares of the company’s stock, valued at $1,280,309.55. This trade represents a 22.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 45.44% of the company’s stock.

Hedge Funds Weigh In On DLocal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLO. Hussman Strategic Advisors Inc. bought a new stake in shares of DLocal during the 4th quarter worth about $2,969,000. JPMorgan Chase & Co. boosted its holdings in shares of DLocal by 2,144.7% in the third quarter. JPMorgan Chase & Co. now owns 273,400 shares of the company’s stock valued at $3,904,000 after acquiring an additional 261,220 shares in the last quarter. Maxi Investments CY Ltd boosted its holdings in shares of DLocal by 92.0% in the fourth quarter. Maxi Investments CY Ltd now owns 167,000 shares of the company’s stock valued at $2,361,000 after acquiring an additional 80,000 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of DLocal by 12.2% in the fourth quarter. Baillie Gifford & Co. now owns 2,996,660 shares of the company’s stock valued at $42,373,000 after acquiring an additional 326,537 shares in the last quarter. Finally, Paradice Investment Management LLC increased its stake in shares of DLocal by 93.5% during the fourth quarter. Paradice Investment Management LLC now owns 1,943,360 shares of the company’s stock valued at $27,479,000 after acquiring an additional 938,938 shares during the period. 90.13% of the stock is owned by institutional investors.

About DLocal

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.