DLocal (NASDAQ:DLO) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of DLocal (NASDAQ:DLO) in a research report report published on Friday, Marketbeat reports. They currently have a $10.00 target price on the stock, down from their previous target price of $11.00.

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

DLocal Stock Performance

Shares of DLocal stock opened at $9.56 on Friday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 23.90, a P/E/G ratio of 3.09 and a beta of 0.90. 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 has a 52 week low of $6.57 and a 52 week high of $18.27. The firm’s 50 day moving average is $12.28 and its two-hundred day moving average is $10.38.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $204.49 million for the quarter, compared to the consensus estimate of $204.98 million. Research analysts forecast that DLocal will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On DLocal

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in 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. Activest Wealth Management grew its holdings in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after acquiring an additional 2,656 shares during the period. Parvin Asset Management LLC purchased a new position in DLocal in the fourth quarter worth $55,000. R Squared Ltd acquired a new stake in DLocal in the fourth quarter valued at $82,000. Finally, Virtu Financial LLC purchased a new stake in shares of DLocal during the 4th quarter worth $142,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.