Stock Traders Buy High Volume of DLocal Call Options (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading on Thursday. Stock investors purchased 11,277 call options on the company. This is an increase of 291% compared to the average daily volume of 2,882 call options.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DLO. Bank of America lifted their target price on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Barclays lowered their price objective on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, August 6th. Finally, Susquehanna lowered their price target on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.50.

DLocal Stock Performance

DLO traded down $0.23 during trading on Friday, reaching $9.97. 131,682 shares of the company’s stock were exchanged, compared to its average volume of 1,596,857. The company has a market capitalization of $2.95 billion, a P/E ratio of 25.50, a PEG ratio of 4.19 and a beta of 0.74. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.01. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $19.45. The business has a 50 day moving average price of $8.67 and a 200 day moving average price of $8.86.

DLocal (NASDAQ:DLO) last announced its earnings results on Wednesday, August 14th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. DLocal had a net margin of 16.35% and a return on equity of 32.57%. The business had revenue of $171.30 million during the quarter, compared to the consensus estimate of $203.18 million. During the same quarter in the previous year, the firm posted $0.15 EPS. DLocal’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts predict that DLocal will post 0.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quarry LP raised its holdings in DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after buying an additional 3,599 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of DLocal in the third quarter valued at about $109,000. Ridgewood Investments LLC increased its stake in shares of DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares in the last quarter. Krane Funds Advisors LLC acquired a new position in DLocal in the 2nd quarter valued at about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock worth $127,000 after acquiring an additional 3,101 shares in the last quarter. 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.