DLocal (NASDAQ:DLO) Stock Rating Upgraded by JPMorgan Chase & Co.

DLocal (NASDAQ:DLO) was upgraded by analysts 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 firm currently has a $18.00 price objective on the stock, up from their prior price objective of $14.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 30.61% from the company’s current price.

Other analysts have also recently issued research reports about the stock. The Goldman Sachs Group increased their price target on shares of DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Susquehanna increased their target price on shares of DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Barclays boosted their price target on shares of DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, DLocal currently has an average rating of “Hold” and a consensus price target of $12.31.

DLocal Price Performance

DLO opened at $13.78 on Wednesday. The stock’s 50-day moving average price is $12.32 and its 200 day moving average price is $10.37. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 3.09 and a beta of 0.90. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On DLocal

A number of hedge funds and other institutional investors have recently modified their holdings of DLO. GSA Capital Partners LLP increased its holdings in DLocal by 180.8% in the third 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 during the last quarter. Baillie Gifford & Co. boosted 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 worth $29,428,000 after acquiring an additional 1,360,183 shares in the last quarter. PEAK6 Investments LLC purchased a new position in shares of DLocal in the 3rd quarter valued at about $488,000. JPMorgan Chase & Co. raised 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 worth $3,946,000 after acquiring an additional 280,607 shares in the last quarter. Finally, Centiva Capital LP lifted its stake in DLocal by 317.8% during the third quarter. Centiva Capital LP now owns 94,512 shares of the company’s stock worth $756,000 after purchasing an additional 71,892 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

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.