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

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 12,710 call options on the stock. This represents an increase of approximately 279% compared to the average daily volume of 3,356 call options.

Hedge Funds Weigh In On DLocal

A number of institutional investors have recently added to or reduced their stakes in DLO. Quarry LP boosted its stake in shares of DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock valued at $32,000 after purchasing an additional 3,599 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of DLocal in the 3rd quarter valued at about $109,000. Ridgewood Investments LLC increased its stake in shares of 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 buying an additional 3,293 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of DLocal in the second quarter worth approximately $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in 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 acquiring an additional 3,101 shares during the last quarter. 90.13% of the stock is currently owned by institutional investors and hedge funds.

DLocal Trading Down 2.1 %

Shares of DLO opened at $11.78 on Thursday. 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 $18.76. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.36 and a beta of 0.89. The business’s fifty day moving average is $10.05 and its 200-day moving average is $8.79.

DLocal (NASDAQ:DLO) last issued its earnings results on Wednesday, November 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The firm had revenue of $185.80 million during the quarter, compared to the consensus estimate of $181.47 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts anticipate that DLocal will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays raised their price objective on DLocal from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.61.

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.