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

DLocal (NASDAQ:DLO - Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $18.00 price target on the stock, up from their previous price target of $14.00. JPMorgan Chase & Co.'s price target indicates a potential upside of 88.28% from the company's current price.

Several other research firms have also commented on DLO. Susquehanna upped their price objective on DLocal from $14.00 to $16.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Barclays upped their price objective on DLocal from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their price objective on DLocal from $9.00 to $10.00 and gave the stock 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.06.

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DLocal Stock Performance

NASDAQ DLO traded down $4.19 during trading hours on Wednesday, reaching $9.56. The stock had a trading volume of 7,787,725 shares, compared to its average volume of 1,309,466. The stock has a fifty day moving average of $12.28 and a 200 day moving average of $10.38. The stock has a market cap of $2.83 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. DLocal has a 52-week low of $6.57 and a 52-week high of $18.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54.

DLocal (NASDAQ:DLO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting analysts' consensus estimates of $0.15. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. Sell-side analysts predict that DLocal will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its position in shares of DLocal by 180.8% during the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company's stock valued at $2,176,000 after buying an additional 175,116 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of DLocal by 108.5% during the 4th quarter. Baillie Gifford & Co. now owns 2,613,514 shares of the company's stock valued at $29,428,000 after buying an additional 1,360,183 shares in the last quarter. PEAK6 Investments LLC purchased a new position in shares of DLocal during the 3rd quarter valued at approximately $488,000. JPMorgan Chase & Co. lifted its position in shares of DLocal by 132.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 493,189 shares of the company's stock valued at $3,946,000 after buying an additional 280,607 shares in the last quarter. Finally, Centiva Capital LP raised its stake in DLocal by 317.8% in the 3rd quarter. Centiva Capital LP now owns 94,512 shares of the company's stock valued at $756,000 after purchasing an additional 71,892 shares during the last quarter. Hedge funds and other 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.