DLocal Sees Unusually High Options Volume (NASDAQ:DLO)

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

DLocal Trading Down 1.0 %

DLO opened at $14.28 on Friday. The stock’s fifty day moving average is $16.01 and its two-hundred day moving average is $17.01. The company has a market capitalization of $4.23 billion, a P/E ratio of 29.14, a PEG ratio of 0.96 and a beta of 0.96. DLocal has a 52 week low of $9.04 and a 52 week high of $24.22. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01.

DLocal (NASDAQ:DLO) last released its quarterly earnings data on Monday, March 18th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $188.01 million for the quarter, compared to analysts’ expectations of $169.85 million. DLocal had a return on equity of 40.57% and a net margin of 22.92%. Analysts forecast that DLocal will post 0.59 earnings per share for the current year.

Institutional Trading of DLocal

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DLO shares. Citigroup initiated coverage on DLocal in a research report on Friday, April 19th. They set a “neutral” rating and a $17.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on DLocal from $17.50 to $17.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. HSBC dropped their price target on DLocal from $19.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, April 5th. The Goldman Sachs Group dropped their price target 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, Barclays dropped their price target on DLocal from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DLocal currently has a consensus rating of “Hold” and an average target price of $18.38.

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.