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

DLocal Limited (NASDAQ:DLO) shares gapped up prior to trading 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.

Analysts Set New Price Targets

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

DLocal Trading Up 12.2%

The stock has a fifty day moving average of $12.53 and a 200-day moving average of $12.99. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of 23.13 and a beta of 0.99.

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

Insider Transactions at DLocal

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DLO. Royal Bank of Canada raised its holdings in shares of DLocal by 562.7% during the first quarter. Royal Bank of Canada now owns 48,668 shares of the company’s stock valued at $406,000 after acquiring an additional 41,324 shares during the period. Goldman Sachs Group Inc. boosted its stake in DLocal by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock worth $4,796,000 after purchasing an additional 22,803 shares during the period. Empowered Funds LLC boosted its stake in DLocal by 2.7% in the 1st quarter. Empowered Funds LLC now owns 48,688 shares of the company’s stock worth $406,000 after purchasing an additional 1,281 shares during the period. Geode Capital Management LLC boosted its stake in DLocal by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 142,677 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,130 shares during the period. Finally, Quantbot Technologies LP purchased a new position in DLocal during the 2nd quarter worth approximately $254,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

DLocal Company Profile

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.