DLocal Sees Unusually Large Options Volume (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the target of some unusual options trading activity on Friday. Stock investors purchased 4,723 call options on the stock. This represents an increase of approximately 54% compared to the average daily volume of 3,068 call options.

Wall Street Analyst Weigh In

A number of research firms recently commented on DLO. The Goldman Sachs Group lifted their price target on shares of DLocal from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Truist Financial decreased their price objective on shares of DLocal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Weiss Ratings lowered DLocal from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, November 2nd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.00.

Institutional Investors Weigh In On DLocal

Several hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC grew its holdings in shares of DLocal by 3.8% during the second quarter. Squarepoint Ops LLC now owns 54,199 shares of the company’s stock worth $704,000 after buying an additional 1,988 shares during the last quarter. Parvin Asset Management LLC raised its stake in DLocal by 51.0% during the 1st quarter. Parvin Asset Management LLC now owns 7,400 shares of the company’s stock valued at $96,000 after acquiring an additional 2,500 shares during the last quarter. Sterling Capital Management LLC lifted its position in DLocal by 847.2% during the 3rd quarter. Sterling Capital Management LLC now owns 3,031 shares of the company’s stock worth $42,000 after acquiring an additional 2,711 shares during the period. State of Alaska Department of Revenue acquired a new stake in DLocal during the 3rd quarter worth approximately $80,000. Finally, R Squared Ltd purchased a new position in shares of DLocal in the 3rd quarter valued at approximately $152,000. Institutional investors and hedge funds own 90.13% of the company’s stock.

DLocal Stock Performance

NASDAQ DLO traded up $0.13 on Friday, reaching $13.83. The stock had a trading volume of 2,221,948 shares, compared to its average volume of 2,057,583. DLocal has a 12-month low of $10.64 and a 12-month high of $16.15. The business’s 50-day moving average price is $14.37 and its 200 day moving average price is $13.53. The stock has a market cap of $4.08 billion, a P/E ratio of 20.64 and a beta of 0.95.

DLocal (NASDAQ:DLO) last announced its earnings results on Thursday, November 12th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. DLocal had a net margin of 15.04% and a return on equity of 41.64%. The business had revenue of $398.05 million for the quarter, compared to analyst estimates of $408.48 million. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 40.9% compared to the same quarter last year. On average, sell-side analysts predict that DLocal will post 0.80 earnings per share for the current year.

DLocal Company Profile

DLocal is a payments technology company that helps global businesses accept and send payments in emerging markets. Its platform connects merchants with local payment systems, allowing them to manage transactions across multiple countries through a single integration. The company’s services include payment collection, or pay-ins, and disbursements, or pay-outs. It supports local payment options such as cards, bank transfers, digital wallets and cash-based methods, helping businesses serve customers who may not use international payment networks.