Stock Traders Buy Large Volume of DLocal Put Options (NASDAQ:DLO)

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

Institutional Investors Weigh In On DLocal

Several hedge funds have recently made changes to their positions in DLO. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of DLocal during the 3rd quarter valued at $67,000. Citigroup Inc. grew its stake in DLocal by 24.5% in the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after purchasing an additional 1,378 shares in the last quarter. Ridgewood Investments LLC purchased a new position in DLocal in the first quarter valued at about $152,000. OneAscent Wealth Management LLC acquired a new position in DLocal in the 4th quarter worth about $185,000. Finally, Newfoundland Capital Management purchased a new stake in shares of DLocal during the 4th quarter worth about $212,000. Hedge funds and other institutional investors own 90.13% of the company’s stock.

DLocal Price Performance

Shares of NASDAQ:DLO traded down $0.22 on Wednesday, reaching $14.31. 117,155 shares of the company traded hands, compared to its average volume of 1,071,392. DLocal has a fifty-two week low of $9.04 and a fifty-two week high of $24.22. The stock has a market capitalization of $4.24 billion, a PE ratio of 29.65, a P/E/G ratio of 0.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. The company’s 50 day moving average is $16.11 and its 200-day moving average is $17.05.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on DLO shares. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $24.00 in a research note on Tuesday, January 9th. 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 report on Thursday, March 21st. Citigroup started coverage on shares of DLocal in a research note on Friday, April 19th. They set a “neutral” rating and a $17.00 price objective on the stock. The Goldman Sachs Group cut their target price on DLocal from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th. Finally, Susquehanna lowered their price target on DLocal from $24.00 to $21.00 and set a “positive” rating on the stock in a research report on Tuesday, March 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.38.

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.