DLocal Limited (NASDAQ:DLO - Get Free Report) saw unusually large options trading on Wednesday. Investors acquired 12,710 call options on the stock. This is an increase of 279% compared to the typical daily volume of 3,356 call options.
Wall Street Analyst Weigh In
Separately, Barclays lifted their price objective on DLocal from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, DLocal has a consensus rating of "Hold" and an average target price of $12.61.
Get Our Latest Analysis on DLO
DLocal Price Performance
Shares of DLocal stock traded down $0.25 during trading hours on Wednesday, reaching $11.78. The stock had a trading volume of 5,335,517 shares, compared to its average volume of 1,592,774. DLocal has a twelve month low of $6.57 and a twelve month high of $18.76. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.49 billion, a PE ratio of 29.45, a PEG ratio of 3.36 and a beta of 0.89. The stock's 50 day moving average is $10.05 and its 200 day moving average is $8.79.
DLocal (NASDAQ:DLO - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. DLocal had a return on equity of 32.59% and a net margin of 16.35%. The company had revenue of $185.80 million during the quarter, compared to analysts' expectations of $181.47 million. During the same quarter in the prior year, the firm posted $0.16 EPS. DLocal's quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that DLocal will post 0.47 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sylebra Capital LLC purchased a new stake in DLocal during the 2nd quarter worth approximately $13,565,000. Fourth Sail Capital LP boosted its stake in shares of DLocal by 60.8% in the second quarter. Fourth Sail Capital LP now owns 2,397,770 shares of the company's stock worth $19,398,000 after acquiring an additional 906,561 shares during the last quarter. Millennium Management LLC increased its position in shares of DLocal by 151.2% during the second quarter. Millennium Management LLC now owns 644,237 shares of the company's stock worth $5,212,000 after purchasing an additional 387,762 shares in the last quarter. PDT Partners LLC raised its stake in DLocal by 1,430.1% in the 3rd quarter. PDT Partners LLC now owns 359,635 shares of the company's stock valued at $2,877,000 after purchasing an additional 336,131 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in DLocal by 180.8% in the 3rd quarter. GSA Capital Partners LLP now owns 271,983 shares of the company's stock valued at $2,176,000 after purchasing an additional 175,116 shares in the last quarter. Hedge funds and other institutional investors own 90.13% of the company's stock.
About DLocal
(
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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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