DLocal’s (DLO) Equal Weight Rating Reiterated at Morgan Stanley

DLocal (NASDAQ:DLO)‘s stock had its “equal weight” rating reissued by investment analysts at Morgan Stanley in a research report issued to clients and investors on Friday. They currently have a $10.00 price target on the stock, down from their prior price target of $11.00. Morgan Stanley’s price target would indicate a potential downside of 27.44% from the company’s previous close.

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

DLocal Stock Down 1.6 %

Shares of DLocal stock opened at $13.78 on Friday. The stock has a 50-day simple moving average of $12.32 and a 200-day simple moving average of $10.37. DLocal has a 52-week low of $6.57 and a 52-week high of $18.27. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 3.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.54 and a quick ratio of 1.54.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in DLocal by 398.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the last quarter. Activest Wealth Management increased its position in DLocal by 265,600.0% in the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after acquiring an additional 2,656 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in DLocal in the 4th quarter valued at about $55,000. R Squared Ltd bought a new stake in shares of DLocal during the fourth quarter valued at approximately $82,000. Finally, Virtu Financial LLC bought a new stake in shares of DLocal during the fourth quarter valued at approximately $142,000. Institutional investors 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.