Olo Inc. (NYSE:OLO) Shares Sold by CenterBook Partners LP

CenterBook Partners LP lowered its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 97.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,260 shares of the company's stock after selling 1,370,171 shares during the period. CenterBook Partners LP's holdings in OLO were worth $309,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. FMR LLC lifted its position in shares of OLO by 1,850.5% during the 3rd quarter. FMR LLC now owns 22,021 shares of the company's stock worth $109,000 after buying an additional 20,892 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in OLO in the third quarter valued at $74,000. Jane Street Group LLC grew its holdings in shares of OLO by 37.0% during the third quarter. Jane Street Group LLC now owns 151,490 shares of the company's stock worth $751,000 after purchasing an additional 40,943 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of OLO during the third quarter worth about $159,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of OLO in the 3rd quarter valued at about $631,000. Hedge funds and other institutional investors own 93.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OLO. Piper Sandler reiterated a "neutral" rating and issued a $8.00 price objective on shares of OLO in a research note on Wednesday, January 8th. StockNews.com cut shares of OLO from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada lifted their price objective on shares of OLO from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd.

OLO Price Performance

Shares of NYSE:OLO traded up $0.02 during trading on Friday, reaching $6.05. The company had a trading volume of 984,662 shares, compared to its average volume of 1,168,781. Olo Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $8.35. The stock's fifty day moving average price is $6.45 and its 200 day moving average price is $6.59. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -60.44 and a beta of 1.42.

OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The firm had revenue of $76.07 million for the quarter, compared to analysts' expectations of $72.76 million. On average, equities analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

OLO Company Profile

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.