DLocal (NASDAQ:DLO) Rating Increased to Overweight at JPMorgan Chase & Co.

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

Other equities research analysts have also issued reports about the company. Susquehanna increased their target price on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Barclays increased their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group upped their target price on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.31.

DLocal Stock Up 8.5 %

Shares of DLocal stock opened at $14.00 on Wednesday. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.09 and a beta of 0.90. DLocal has a twelve month low of $6.57 and a twelve month high of $18.27. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $12.27 and its 200-day simple moving average is $10.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in DLocal by 398.4% in the fourth 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 raised its stake in shares of DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in shares of DLocal in the fourth quarter valued at $55,000. R Squared Ltd bought a new position in DLocal during the fourth quarter valued at about $82,000. Finally, International Assets Investment Management LLC acquired a new position in DLocal during the third quarter worth about $109,000. 90.13% of the stock is currently owned by 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.