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

DLocal Limited (NASDAQ:DLO) saw unusually large options trading activity on Tuesday. Stock investors acquired 11,509 call options on the company. This is an increase of approximately 57% compared to the average daily volume of 7,310 call options.

DLocal Price Performance

Shares of DLO stock opened at $14.52 on Wednesday. DLocal has a 52-week low of $7.61 and a 52-week high of $16.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50 day moving average price is $14.47 and its two-hundred day moving average price is $12.36. The stock has a market cap of $4.54 billion, a PE ratio of 30.25 and a beta of 1.13.

DLocal (NASDAQ:DLO) last issued its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $256.50 million for the quarter, compared to analyst estimates of $226.71 million. DLocal had a return on equity of 36.85% and a net margin of 16.90%.The business’s quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. As a group, analysts forecast that DLocal will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DLO. Lane Generational LLC raised its position in DLocal by 27.5% during the first quarter. Lane Generational LLC now owns 525,530 shares of the company’s stock worth $4,383,000 after acquiring an additional 113,297 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in DLocal by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 575,111 shares of the company’s stock valued at $4,796,000 after purchasing an additional 22,803 shares in the last quarter. Virtu Financial LLC grew its stake in shares of DLocal by 203.9% during the first quarter. Virtu Financial LLC now owns 38,267 shares of the company’s stock valued at $319,000 after acquiring an additional 25,676 shares in the last quarter. Fourth Sail Capital LP grew its stake in DLocal by 33.7% in the second quarter. Fourth Sail Capital LP now owns 1,546,639 shares of the company’s stock worth $17,539,000 after purchasing an additional 390,270 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of DLocal during the first quarter valued at approximately $245,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Morgan Stanley set a $15.00 price target on shares of DLocal in a research report on Thursday, August 14th. The Goldman Sachs Group set a $19.00 price objective on shares of DLocal and gave the stock a “buy” rating in a research note on Tuesday, October 14th. HSBC upgraded DLocal from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $11.50 to $15.00 in a research report on Thursday, August 14th. Wall Street Zen lowered shares of DLocal from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DLocal in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, DLocal currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.67.

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.