DLocal Target of Unusually High Options Trading (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the recipient of unusually large options trading on Thursday. Stock traders purchased 6,722 call options on the company. Thisrepresentsanincreaseofapproximately198% compared to the average volume of 2,257 call options.

Institutional Trading of DLocal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of DLocal by 398.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,248 shares of the company’s stock valued at $25,000 after purchasing an additional 1,797 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of DLocal by 603.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,053 shares of the company’s stock valued at $34,000 after purchasing an additional 3,477 shares during the last quarter. Parvin Asset Management LLC bought a new position in shares of DLocal during the fourth quarter valued at approximately $55,000. Activest Wealth Management bought a new position in shares of DLocal during the second quarter valued at approximately $80,000. Finally, CWM LLC bought a new position in shares of DLocal during the second quarter valued at approximately $113,000. 90.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. HSBC raised DLocal from a “hold” rating to a “buy” rating and increased their price objective for the stock from $11.50 to $15.00 in a research report on Thursday. Truist Financial assumed coverage on DLocal in a research report on Monday, June 2nd. They set a “hold” rating and a $12.00 price objective for the company. Citigroup assumed coverage on DLocal in a research report on Tuesday, May 27th. They set a “buy” rating and a $14.60 price objective for the company. Morgan Stanley set a $15.00 price objective on DLocal in a research report on Thursday. Finally, UBS Group reaffirmed a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of DLocal in a research report on Wednesday, July 30th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, DLocal has an average rating of “Hold” and an average target price of $12.96.

DLocal Trading Up 31.3%

Shares of DLO opened at $15.35 on Friday. The stock’s 50-day moving average is $10.88 and its two-hundred day moving average is $10.51. The stock has a market cap of $4.38 billion, a PE ratio of 31.98 and a beta of 1.10. DLocal has a 12 month low of $7.61 and a 12 month high of $15.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.65 and a quick ratio of 1.65.

DLocal (NASDAQ:DLO) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. DLocal had a return on equity of 35.95% and a net margin of 16.90%. The business had revenue of $256.50 million for the quarter, compared to analysts’ expectations of $226.71 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 49.7% compared to the same quarter last year. Equities analysts forecast that DLocal will post 0.47 earnings per share for the current fiscal 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.