Investors Buy Large Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the recipient of unusually large options trading activity on Tuesday. Investors bought 7,248 call options on the company. This represents an increase of approximately 102% compared to the typical volume of 3,589 call options.

Analysts Set New Price Targets

DLO has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of DLocal from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, May 29th. Barclays cut their price target on shares of DLocal from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. Bank of America cut their price target on shares of DLocal from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, May 16th. UBS Group upgraded shares of DLocal from a “sell” rating to a “neutral” rating and cut their price target for the stock from $13.00 to $9.00 in a research note on Thursday, June 20th. Finally, Citigroup cut their price target on shares of DLocal from $17.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.06.

DLocal Price Performance

Shares of NASDAQ:DLO traded up $0.24 during trading on Tuesday, reaching $7.76. The stock had a trading volume of 1,366,690 shares, compared to its average volume of 1,679,428. DLocal has a 52 week low of $6.57 and a 52 week high of $24.22. The business’s 50-day moving average price is $7.81 and its 200 day moving average price is $12.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $2.30 billion, a PE ratio of 17.09, a P/E/G ratio of 0.80 and a beta of 0.74.

DLocal (NASDAQ:DLO) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). DLocal had a return on equity of 35.20% and a net margin of 18.83%. The company had revenue of $184.43 million during the quarter, compared to the consensus estimate of $195.24 million. As a group, equities analysts predict that DLocal will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DLO. Annis Gardner Whiting Capital Advisors LLC raised its position in DLocal by 24.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,380 shares of the company’s stock worth $78,000 after purchasing an additional 870 shares during the last quarter. Ridgewood Investments LLC grew its holdings in DLocal by 31.8% during the 2nd quarter. Ridgewood Investments LLC now owns 13,654 shares of the company’s stock worth $110,000 after acquiring an additional 3,293 shares during the period. Krane Funds Advisors LLC bought a new stake in shares of DLocal during the 2nd quarter valued at $122,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of DLocal by 24.7% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,639 shares of the company’s stock valued at $127,000 after acquiring an additional 3,101 shares during the last quarter. Finally, Tempus Wealth Planning LLC acquired a new position in shares of DLocal in the 2nd quarter valued at $131,000. Institutional investors own 90.13% of the company’s stock.

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.