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

Morgan Stanley reaffirmed their equal weight rating on shares of DLocal (NASDAQ:DLO) in a report published on Friday morning, MarketBeat reports. The firm currently has a $10.00 price objective on the stock, down from their previous price objective of $11.00.

Several other analysts have also commented on DLO. 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 research report on Thursday, February 13th. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.00 to $18.00 in a report on Wednesday. Susquehanna boosted their price target on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Barclays increased 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. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.06.

DLocal Stock Performance

Shares of DLO stock opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $2.83 billion, a PE ratio of 23.90, a P/E/G ratio of 3.09 and a beta of 0.90. DLocal has a 1 year low of $6.57 and a 1 year high of $18.27. The stock has a fifty day moving average price of $12.28 and a 200 day moving average price of $10.38.

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

Hedge Funds Weigh In On DLocal

Several large investors have recently added to or reduced their stakes in DLO. Vident Advisory LLC lifted its holdings in shares of DLocal by 6.3% during 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. State of Wyoming boosted its position in DLocal by 12.3% during the 4th quarter. State of Wyoming now owns 28,240 shares of the company’s stock worth $318,000 after purchasing an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in DLocal by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock valued at $1,478,000 after purchasing an additional 5,853 shares during the period. J. Goldman & Co LP raised its position in DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the period. Finally, Crestline Management LP lifted its stake in shares of DLocal by 148.2% during the fourth quarter. Crestline Management LP now owns 134,903 shares of the company’s stock worth $1,519,000 after purchasing an additional 80,551 shares in the last quarter. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

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.