DLocal Sees Unusually Large Options Volume (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of some unusual options trading activity on Thursday. Stock traders bought 11,277 call options on the stock. This represents an increase of 291% compared to the average volume of 2,882 call options.

Hedge Funds Weigh In On DLocal

Hedge funds have recently made changes to their positions in the business. Quarry LP raised its holdings in shares of DLocal by 1,124.7% during the 2nd quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after buying an additional 3,599 shares during the period. International Assets Investment Management LLC acquired a new stake in DLocal in the third quarter valued at approximately $109,000. Ridgewood Investments LLC raised 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 valued at $110,000 after purchasing an additional 3,293 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of DLocal during the second quarter worth $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of DLocal by 24.7% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after purchasing an additional 3,101 shares during the period. Hedge funds and other institutional investors own 90.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays dropped their price target on DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 6th. Bank of America lifted their price objective on DLocal from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, Susquehanna reduced their target price on shares of DLocal from $21.00 to $14.00 and set a “positive” rating on the stock in a report on Thursday, August 15th. Seven equities 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 currently has an average rating of “Hold” and an average target price of $12.50.

DLocal Trading Down 3.0 %

DLO stock traded down $0.31 during trading on Friday, reaching $9.89. 2,338,707 shares of the stock traded hands, compared to its average volume of 1,606,794. The firm has a market capitalization of $2.93 billion, a PE ratio of 24.73, a P/E/G ratio of 4.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day moving average price is $8.70 and its 200-day moving average price is $8.82. DLocal has a 52-week low of $6.57 and a 52-week high of $19.45.

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

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.