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

DLocal (NASDAQ:DLO)‘s stock had its “equal weight” rating restated by research analysts at Morgan Stanley in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $10.00 price target on the stock, down from their previous price target of $11.00. Morgan Stanley’s target price would suggest a potential upside of 4.60% from the company’s current price.

A number of other research analysts have also weighed in on DLO. Susquehanna raised their price target on shares of DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Barclays raised 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. The Goldman Sachs Group raised their price target on shares of DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised shares of DLocal from a “neutral” rating to an “overweight” rating and raised their price target for the company from $14.00 to $18.00 in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.06.

DLocal Stock Down 30.5 %

DLocal stock opened at $9.56 on Friday. DLocal has a 1-year low of $6.57 and a 1-year high of $18.27. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The firm’s fifty day moving average price is $12.28 and its two-hundred day moving average price is $10.40. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. DLocal had a net margin of 16.35% and a return on equity of 32.59%. The firm had revenue of $204.49 million for the quarter, compared to analyst estimates of $204.98 million. On average, equities research analysts predict that DLocal will post 0.47 earnings per share for the current fiscal year.

Institutional Trading of DLocal

Several hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC raised its position in DLocal by 6.3% in the fourth 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. State of Wyoming raised its position in DLocal by 12.3% in the fourth quarter. State of Wyoming now owns 28,240 shares of the company’s stock worth $318,000 after acquiring an additional 3,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in DLocal by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,277 shares of the company’s stock worth $1,478,000 after acquiring an additional 5,853 shares during the period. J. Goldman & Co LP raised its position in shares of DLocal by 175.5% in the fourth quarter. J. Goldman & Co LP now owns 1,351,181 shares of the company’s stock valued at $15,214,000 after purchasing an additional 860,681 shares during the period. Finally, Crestline Management LP raised its position in shares of DLocal by 148.2% in the fourth quarter. Crestline Management LP now owns 134,903 shares of the company’s stock valued at $1,519,000 after purchasing an additional 80,551 shares during the period. Institutional investors own 90.13% of the company’s stock.

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.