DLocal (NASDAQ:DLO) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

JPMorgan Chase & Co. upgraded shares of DLocal (NASDAQ:DLO) from a neutral rating to an overweight rating in a research report sent to investors on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $18.00 price target on the stock, up from their previous price target of $14.00.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group lifted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, February 13th. Barclays lifted their price objective 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. Finally, Susquehanna lifted their price objective 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. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, DLocal presently has an average rating of “Hold” and an average price target of $12.06.

DLocal Trading Down 30.5 %

Shares of NASDAQ:DLO opened at $9.56 on Wednesday. The firm has a fifty day moving average of $12.28 and a two-hundred day moving average of $10.38. The firm has a market capitalization of $2.83 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The business had revenue of $204.49 million during the quarter, compared to analyst estimates of $204.98 million. On average, equities analysts expect that DLocal will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vident Advisory LLC raised its holdings in DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock worth $176,000 after acquiring an additional 929 shares during the period. Mariner LLC increased its holdings in shares of DLocal by 6.0% during the 4th quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the period. Lane Generational LLC increased its holdings in shares of 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 during the period. Wells Fargo & Company MN increased its holdings in shares of DLocal by 398.4% during 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 during the period. Finally, Activest Wealth Management increased its holdings in shares of DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after purchasing an additional 2,656 shares during the period. 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.