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

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

Institutional Investors Weigh In On DLocal

Several institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its stake in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after acquiring an additional 3,599 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in DLocal during the third quarter worth $109,000. Ridgewood Investments LLC grew its holdings in DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock valued at $110,000 after purchasing an additional 3,293 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in DLocal in the first quarter valued at $218,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of DLocal in the second quarter valued at $122,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.

DLocal Stock Performance

Shares of DLocal stock traded down $0.31 during trading hours on Friday, hitting $9.89. 2,338,707 shares of the company were exchanged, compared to its average volume of 1,606,794. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $8.70 and a 200-day moving average of $8.82. DLocal has a 1 year low of $6.57 and a 1 year high of $19.45. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 4.19 and a beta of 0.74.

DLocal (NASDAQ:DLO) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share (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 firm had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $203.18 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that DLocal will post 0.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Susquehanna lowered their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating for the company in a research note on Thursday, August 15th. Finally, Barclays cut their price target on DLocal from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

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.