DLocal (NASDAQ:DLO) Earns Equal Weight Rating from Morgan Stanley

DLocal (NASDAQ:DLO)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a note issued to investors on Friday. They presently have a $10.00 target price on the stock, down from their previous target price of $11.00. Morgan Stanley’s price objective points to a potential downside of 27.44% from the company’s current price.

Several other equities analysts have also recently weighed in on DLO. Susquehanna raised their target price on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Barclays raised their target price on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and upped their target price for the company from $14.00 to $18.00 in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, DLocal presently has an average rating of “Hold” and a consensus target price of $12.06.

DLocal Trading Down 1.6 %

NASDAQ DLO opened at $13.78 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54. DLocal has a one year low of $6.57 and a one year high of $18.27. The stock’s 50-day moving average is $12.32 and its 200-day moving average is $10.37. The firm has a market cap of $4.08 billion, a P/E ratio of 34.46, a P/E/G ratio of 3.09 and a beta of 0.90.

Hedge Funds Weigh In On DLocal

Several hedge funds and other institutional investors have recently bought and sold shares of DLO. GSA Capital Partners LLP boosted its position in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock valued at $2,176,000 after purchasing an additional 175,116 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company’s stock worth $29,428,000 after buying an additional 1,360,183 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of DLocal during the 3rd quarter worth approximately $488,000. JPMorgan Chase & Co. grew its position in shares of DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company’s stock worth $3,946,000 after buying an additional 280,607 shares during the period. Finally, Centiva Capital LP increased its stake in shares of DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock valued at $756,000 after acquiring an additional 71,892 shares in the last quarter. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.