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

DLocal (NASDAQ:DLO) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a $18.00 target price on the stock, up from their prior target price of $14.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 39.53% from the stock’s current price.

DLO has been the subject of a number of other reports. The Goldman Sachs Group upped their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Susquehanna boosted their price objective 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 lifted their target price on DLocal from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.31.

DLocal Price Performance

NASDAQ DLO opened at $12.90 on Wednesday. The company has a 50 day moving average price of $12.22 and a two-hundred day moving average price of $10.32. DLocal has a 12-month low of $6.57 and a 12-month high of $18.27. The stock has a market capitalization of $3.82 billion, a PE ratio of 32.25, 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.

Institutional Trading of DLocal

Several large investors have recently made changes to their positions in DLO. International Assets Investment Management LLC bought a new stake in shares of DLocal during the third quarter valued at approximately $109,000. GW Henssler & Associates Ltd. acquired a new stake in shares of DLocal in the 3rd quarter worth about $170,000. GSA Capital Partners LLP raised its stake in shares of DLocal by 180.8% in the third quarter. GSA Capital Partners LLP now owns 271,983 shares of the company’s stock worth $2,176,000 after purchasing an additional 175,116 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of DLocal by 0.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,253,331 shares of the company’s stock worth $10,027,000 after acquiring an additional 9,340 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in DLocal in the 3rd quarter valued at about $152,000. 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.