Barclays PLC Acquires 152,214 Shares of Olo Inc. (NYSE:OLO)

Barclays PLC raised its stake in shares of Olo Inc. (NYSE:OLO - Free Report) by 399.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,335 shares of the company's stock after buying an additional 152,214 shares during the period. Barclays PLC owned about 0.12% of OLO worth $943,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in OLO by 6.1% in the second quarter. The Manufacturers Life Insurance Company now owns 42,023 shares of the company's stock worth $186,000 after purchasing an additional 2,433 shares in the last quarter. MQS Management LLC increased its holdings in shares of OLO by 15.9% during the 3rd quarter. MQS Management LLC now owns 28,363 shares of the company's stock valued at $141,000 after acquiring an additional 3,898 shares during the last quarter. Creative Planning raised its stake in shares of OLO by 15.1% in the 3rd quarter. Creative Planning now owns 30,371 shares of the company's stock valued at $151,000 after acquiring an additional 3,974 shares in the last quarter. Point72 DIFC Ltd raised its position in shares of OLO by 52.7% in the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company's stock valued at $64,000 after purchasing an additional 4,964 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of OLO by 3.3% in the second quarter. Rhumbline Advisers now owns 153,760 shares of the company's stock worth $680,000 after buying an additional 4,979 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company's stock.

OLO Price Performance

Shares of NYSE OLO traded up $0.07 during mid-day trading on Wednesday, hitting $7.55. The company had a trading volume of 1,044,549 shares, compared to its average volume of 1,244,876. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The firm has a market cap of $1.24 billion, a P/E ratio of -75.49 and a beta of 1.42. The business's 50-day simple moving average is $7.27 and its 200-day simple moving average is $5.76.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OLO. StockNews.com lowered shares of OLO from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Piper Sandler reissued a "neutral" rating and set a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada raised their target price on OLO from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Friday, January 3rd.

About OLO

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.