DLocal Sees Unusually High Options Volume (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of some unusual options trading activity on Wednesday. Stock investors bought 2,436 put options on the company. This is an increase of approximately 27% compared to the average volume of 1,918 put options.

Analysts Set New Price Targets

A number of brokerages have recently commented on DLO. The Goldman Sachs Group cut their target price on shares of DLocal from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, March 20th. Susquehanna dropped their price target on shares of DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, March 19th. HSBC dropped their price target on shares of DLocal from $19.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Barclays dropped their price target on shares of DLocal from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of DLocal from $17.50 to $17.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.38.

DLocal Price Performance

DLO opened at $14.28 on Friday. The company has a 50-day moving average of $16.01 and a 200-day moving average of $17.01. The company has a market capitalization of $4.23 billion, a P/E ratio of 29.14, a PEG ratio of 0.96 and a beta of 0.96. DLocal has a 1-year low of $9.04 and a 1-year high of $24.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63.

DLocal (NASDAQ:DLO) last released its earnings results on Monday, March 18th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $188.01 million during the quarter, compared to the consensus estimate of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. Equities analysts expect that DLocal will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On DLocal

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of DLocal in the 3rd quarter valued at about $67,000. Citigroup Inc. boosted its holdings in shares of DLocal by 24.5% in the 3rd quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after buying an additional 1,378 shares during the period. Ridgewood Investments LLC acquired a new position in shares of DLocal in the 1st quarter valued at about $152,000. OneAscent Wealth Management LLC acquired a new position in shares of DLocal in the 4th quarter valued at about $185,000. Finally, Newfoundland Capital Management acquired a new position in shares of DLocal in the 4th quarter valued at about $212,000. Institutional investors 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.