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 note published on Wednesday morning, MarketBeat reports. The firm currently has $18.00 price target on the stock, up from their previous price target of $14.00.

A number of other analysts have also commented on DLO. The Goldman Sachs Group upped 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 upped their price target on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Susquehanna lifted their price objective on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.31.

DLocal Stock Up 8.5 %

Shares of DLocal stock opened at $14.00 on Wednesday. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The firm has a market capitalization of $4.14 billion, a PE ratio of 35.00, a price-to-earnings-growth 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. The stock’s fifty day moving average is $12.27 and its 200-day moving average is $10.34.

Institutional Investors Weigh In On DLocal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 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 grew its position in shares of DLocal by 6.0% in the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock valued at $273,000 after purchasing an additional 1,365 shares during the last quarter. Lane Generational LLC lifted its position 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 last quarter. Wells Fargo & Company MN boosted its stake in DLocal by 398.4% during 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 period. Finally, Activest Wealth Management grew its holdings 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 buying an additional 2,656 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.