Morgan Stanley Reaffirms Equal Weight Rating for DLocal (NASDAQ:DLO)

Morgan Stanley restated their equal weight rating on shares of DLocal (NASDAQ:DLO - Free Report) in a report published on Friday, MarketBeat.com reports. Morgan Stanley currently has a $10.00 price target on the stock, down from their previous price target of $11.00.

Several other equities analysts have also commented on DLO. Susquehanna raised their price objective on DLocal from $14.00 to $16.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of DLocal from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $14.00 to $18.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group upped their price objective on shares of DLocal from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. Finally, Barclays lifted their target price on shares of DLocal from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, DLocal currently has a consensus rating of "Hold" and a consensus price target of $11.94.

DLocal Trading Down 3.5 %

NASDAQ DLO traded down $0.34 during trading on Friday, hitting $9.43. The company had a trading volume of 1,775,037 shares, compared to its average volume of 1,345,027. The company's fifty day moving average is $12.24 and its 200-day moving average is $10.43. DLocal has a one year low of $6.57 and a one year 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 company has a market cap of $2.79 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLO. 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 worth $25,000 after buying an additional 1,797 shares during the last quarter. Activest Wealth Management lifted its position in DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company's stock valued at $30,000 after purchasing an additional 2,656 shares during the period. Parvin Asset Management LLC purchased a new stake in DLocal in the fourth quarter worth approximately $55,000. R Squared Ltd bought a new stake in DLocal in the 4th quarter worth approximately $82,000. Finally, International Assets Investment Management LLC purchased a new stake in DLocal during the 3rd quarter valued at $109,000. 90.13% of the stock is 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.