Stock Traders Buy High Volume of Call Options on DLocal (NASDAQ:DLO)

DLocal Limited (NASDAQ:DLO) was the recipient of some unusual options trading activity on Monday. Traders acquired 6,191 call options on the stock. This is an increase of 89% compared to the average daily volume of 3,269 call options.

DLocal Stock Up 2.9%

DLO stock traded up $0.31 during trading on Monday, reaching $11.32. The stock had a trading volume of 3,067,668 shares, compared to its average volume of 1,615,828. DLocal has a one year low of $9.75 and a one year high of $16.78. The company’s 50 day moving average is $12.78 and its two-hundred day moving average is $13.34. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 17.96 and a beta of 1.04.

DLocal (NASDAQ:DLO) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. DLocal had a net margin of 15.85% and a return on equity of 41.22%. The business had revenue of $335.86 million during the quarter, compared to the consensus estimate of $331.20 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 54.9% compared to the same quarter last year. As a group, research analysts predict that DLocal will post 0.85 earnings per share for the current fiscal year.

DLocal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be given a $0.1939 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, May 27th.

Institutional Investors Weigh In On DLocal

A number of institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new position in DLocal in the first quarter valued at about $1,324,000. Absolute Gestao de Investimentos Ltda. purchased a new position in DLocal in the first quarter valued at about $11,623,000. OMERS ADMINISTRATION Corp purchased a new position in DLocal in the first quarter valued at about $348,000. State of Wyoming boosted its stake in DLocal by 29.6% in the first quarter. State of Wyoming now owns 62,320 shares of the company’s stock valued at $808,000 after acquiring an additional 14,217 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in DLocal in the first quarter valued at about $18,037,000. 90.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DLO has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of DLocal in a research report on Monday, April 20th. JPMorgan Chase & Co. decreased their target price on shares of DLocal from $18.50 to $18.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Truist Financial decreased their target price on shares of DLocal from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Wall Street Zen downgraded shares of DLocal from a “buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $17.00 target price on shares of DLocal in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, DLocal currently has an average rating of “Moderate Buy” and an average price target of $16.63.

DLocal Company Profile

dLocal is a fintech company specializing in cross-border payments and payouts for global merchants operating in emerging markets. Headquartered in Montevideo, Uruguay, the company offers a technology platform that simplifies complex payment flows, enabling businesses to connect with local payment methods through a single integration.

The dLocal platform supports a wide range of local payment options, including credit and debit cards, bank transfers, e-wallets and cash-based methods. It incorporates risk-management tools, compliance services and anti-fraud solutions to help clients navigate regulatory requirements and minimize payment failures across diverse jurisdictions.

dLocal serves merchants in sectors such as e-commerce, online marketplaces, digital content and gig economy platforms.