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

DLocal Limited (NASDAQ:DLO) was the target of unusually large options trading on Wednesday. Stock traders acquired 2,436 put options on the stock. This is an increase of 27% compared to the typical volume of 1,918 put options.

DLocal Price Performance

Shares of NASDAQ:DLO opened at $14.42 on Thursday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. DLocal has a 1 year low of $9.04 and a 1 year high of $24.22. The business has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $17.03. The firm has a market cap of $4.27 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 0.95 and a beta of 0.96.

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

Hedge Funds Weigh In On DLocal

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. raised its holdings in DLocal by 24.5% during the third quarter. Citigroup Inc. now owns 7,007 shares of the company’s stock valued at $134,000 after buying an additional 1,378 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of DLocal by 371.4% in the third quarter. Penserra Capital Management LLC now owns 199,106 shares of the company’s stock worth $3,816,000 after purchasing an additional 156,865 shares during the period. Polen Capital Management LLC increased its stake in shares of DLocal by 13.9% in the third quarter. Polen Capital Management LLC now owns 1,923,273 shares of the company’s stock worth $36,869,000 after purchasing an additional 234,772 shares during the period. Alkeon Capital Management LLC increased its stake in shares of DLocal by 77.8% in the third quarter. Alkeon Capital Management LLC now owns 5,370,287 shares of the company’s stock worth $102,948,000 after purchasing an additional 2,350,000 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of DLocal by 79.5% in the fourth quarter. Baillie Gifford & Co. now owns 993,987 shares of the company’s stock worth $17,584,000 after purchasing an additional 440,259 shares during the period. 90.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. New Street Research raised DLocal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $24.00 in a research note on Tuesday, January 9th. The Goldman Sachs Group decreased 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. Susquehanna decreased their target price on DLocal from $24.00 to $21.00 and set a “positive” rating for the company in a research report on Tuesday, March 19th. Barclays decreased their target price 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. Finally, Citigroup initiated coverage on DLocal in a research report on Friday, April 19th. They issued a “neutral” rating and a $17.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, DLocal currently has a consensus rating of “Hold” and a consensus target price 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.