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

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading activity on Friday. Traders acquired 5,785 call options on the stock. This is an increase of approximately 116% compared to the typical volume of 2,683 call options.

Wall Street Analyst Weigh In

Several research firms have commented on DLO. Barclays raised 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. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down from $11.00) on shares of DLocal in a research note on Friday. Susquehanna upped their target price on DLocal from $14.00 to $16.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their target price on DLocal from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised DLocal from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $14.00 to $18.00 in a report on Wednesday. Seven 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, the stock has a consensus rating of “Hold” and a consensus target price of $12.06.

Institutional Investors Weigh In On DLocal

Hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC increased its position in DLocal by 6.3% in the 4th quarter. Vident Advisory LLC now owns 15,622 shares of the company’s stock valued at $176,000 after acquiring an additional 929 shares during the period. Mariner LLC grew its stake in shares of DLocal by 6.0% in the fourth quarter. Mariner LLC now owns 24,257 shares of the company’s stock worth $273,000 after purchasing an additional 1,365 shares during the last quarter. Lane Generational LLC increased its holdings in DLocal by 0.4% in the fourth quarter. Lane Generational LLC now owns 412,233 shares of the company’s stock valued at $4,642,000 after purchasing an additional 1,717 shares during the period. Wells Fargo & Company MN raised its position in DLocal by 398.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock worth $25,000 after purchasing an additional 1,797 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in DLocal by 265,600.0% during the 4th quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock worth $30,000 after buying an additional 2,656 shares during the period. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Stock Down 30.5 %

Shares of DLO opened at $9.56 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.54 and a current ratio of 1.54. DLocal has a 52 week low of $6.57 and a 52 week high of $18.27. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 3.09 and a beta of 0.90. The stock has a fifty day moving average of $12.28 and a 200-day moving average of $10.40.

DLocal (NASDAQ:DLO) last posted its earnings results on Thursday, February 27th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $204.49 million during the quarter, compared to the consensus estimate of $204.98 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. As a group, sell-side analysts anticipate that DLocal will post 0.47 earnings per share for the current fiscal year.

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.