DLocal Sees Unusually Large Options Volume (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the recipient of unusually large options trading activity on Friday. Traders bought 5,785 call options on the stock. This represents an increase of approximately 116% compared to the average daily volume of 2,683 call options.

DLocal Trading Down 30.5 %

Shares of DLO stock opened at $9.56 on Friday. The stock has a 50-day simple moving average of $12.28 and a 200 day simple moving average of $10.38. The stock has a market capitalization of $2.83 billion, a P/E ratio of 23.90, a P/E/G ratio of 3.09 and a beta of 0.90. DLocal has a fifty-two week low of $6.57 and a fifty-two week high of $18.27. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price target (down previously from $11.00) on shares of DLocal in a report on Friday. JPMorgan Chase & Co. upgraded DLocal from a “neutral” rating to an “overweight” rating and raised their target price for the company from $14.00 to $18.00 in a research report on Wednesday. The Goldman Sachs Group boosted their price target on DLocal from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Susquehanna raised their price target on DLocal from $14.00 to $16.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, Barclays lifted their price objective on shares of DLocal from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, DLocal currently has a consensus rating of “Hold” and an average price target of $12.06.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DLO. Wells Fargo & Company MN boosted its stake in shares of 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 acquiring an additional 1,797 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of DLocal by 265,600.0% during the fourth quarter. Activest Wealth Management now owns 2,657 shares of the company’s stock valued at $30,000 after purchasing an additional 2,656 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of DLocal in the 4th quarter valued at $55,000. R Squared Ltd purchased a new position in DLocal in the 4th quarter worth about $82,000. Finally, International Assets Investment Management LLC acquired a new stake in DLocal during the 3rd quarter worth about $109,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

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.