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

DLocal Limited (NASDAQ:DLO) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 12,710 call options on the stock. This represents an increase of 279% compared to the typical volume of 3,356 call options.

DLocal Trading Up 6.2 %

Shares of DLocal stock traded up $0.75 during trading hours on Wednesday, hitting $12.78. The company’s stock had a trading volume of 3,261,470 shares, compared to its average volume of 1,582,761. The business has a fifty day moving average of $10.00 and a 200 day moving average of $8.77. DLocal has a 1-year low of $6.57 and a 1-year high of $18.76. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.78 billion, a PE ratio of 32.00, a P/E/G ratio of 3.36 and a beta of 0.89.

DLocal (NASDAQ:DLO) last posted its earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $185.80 million during the quarter, compared to analyst estimates of $181.47 million. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. As a group, equities analysts forecast that DLocal will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays upped their target price on shares of DLocal from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, DLocal presently has an average rating of “Hold” and a consensus target price of $12.61.

Institutional Trading of DLocal

A number of hedge funds and other institutional investors have recently modified their holdings of DLO. Quarry LP grew its position in shares of DLocal by 1,124.7% during the second quarter. Quarry LP now owns 3,919 shares of the company’s stock worth $32,000 after buying an additional 3,599 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of DLocal in the 3rd quarter valued at about $109,000. Ridgewood Investments LLC lifted its position in shares of DLocal by 31.8% during the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after purchasing an additional 3,293 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in DLocal in the second quarter valued at about $122,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in DLocal by 24.7% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after buying an additional 3,101 shares in the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.