DLocal Limited (NASDAQ:DLO - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders purchased 11,277 call options on the stock. This represents an increase of approximately 291% compared to the typical daily volume of 2,882 call options.
Institutional Trading of DLocal
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DLO. Empowered Funds LLC boosted its stake in shares of DLocal by 6.7% in the third quarter. Empowered Funds LLC now owns 47,407 shares of the company's stock valued at $379,000 after purchasing an additional 2,989 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in DLocal by 24.7% in the 2nd 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 during the period. Ridgewood Investments LLC grew its stake in shares of DLocal by 31.8% in the second quarter. Ridgewood Investments LLC now owns 13,654 shares of the company's stock worth $110,000 after acquiring an additional 3,293 shares in the last quarter. Quarry LP grew its stake in shares of DLocal by 1,124.7% in the second quarter. Quarry LP now owns 3,919 shares of the company's stock worth $32,000 after acquiring an additional 3,599 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of DLocal by 5.3% during the third quarter. Penserra Capital Management LLC now owns 124,287 shares of the company's stock worth $994,000 after acquiring an additional 6,220 shares during the period. Hedge funds and other institutional investors own 90.13% of the company's stock.
DLocal Trading Up 12.8 %
Shares of NASDAQ DLO traded up $1.16 during mid-day trading on Thursday, reaching $10.20. 11,460,479 shares of the company's stock were exchanged, compared to its average volume of 1,603,468. The company's 50-day moving average is $8.63 and its 200-day moving average is $8.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 4.33 and a beta of 0.74. DLocal has a 52-week low of $6.57 and a 52-week high of $19.45.
DLocal (NASDAQ:DLO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.06. The business had revenue of $171.30 million during the quarter, compared to analysts' expectations of $203.18 million. DLocal had a net margin of 18.76% and a return on equity of 34.35%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Analysts expect that DLocal will post 0.42 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented on DLO. Barclays reduced their target price on DLocal from $14.00 to $8.00 and set an "equal weight" rating for the company in a report on Tuesday, August 6th. Bank of America increased their price objective on shares of DLocal from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. Finally, Susquehanna cut their price target on DLocal from $21.00 to $14.00 and set a "positive" rating for the company in a report on Thursday, August 15th. Seven investment 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, the stock presently has a consensus rating of "Hold" and an average price target of $12.50.
Check Out Our Latest Stock Analysis on DLO
About DLocal
(
Get Free Report)
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.
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