Moloney Securities Asset Management LLC acquired a new position in Olo Inc. (NYSE:OLO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 53,000 shares of the company's stock, valued at approximately $407,000.
Other large investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in OLO by 52.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,528 shares of the company's stock valued at $6,996,000 after buying an additional 487,919 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of OLO by 220.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company's stock valued at $2,770,000 after acquiring an additional 384,196 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of OLO during the third quarter worth about $1,600,000. Walleye Capital LLC purchased a new position in shares of OLO during the third quarter worth about $1,437,000. Finally, Rice Hall James & Associates LLC grew its holdings in shares of OLO by 56.2% during the third quarter. Rice Hall James & Associates LLC now owns 549,550 shares of the company's stock worth $2,726,000 after purchasing an additional 197,810 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently commented on OLO shares. Piper Sandler reissued a "neutral" rating and set a $8.00 price objective on shares of OLO in a report on Wednesday, January 8th. StockNews.com lowered OLO from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada boosted their price objective on OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd.
Read Our Latest Research Report on OLO
OLO Stock Performance
OLO traded down $0.09 during midday trading on Friday, hitting $7.26. The stock had a trading volume of 1,056,229 shares, compared to its average volume of 1,039,331. The company has a market cap of $1.19 billion, a P/E ratio of -72.54 and a beta of 1.41. The business has a fifty day moving average of $7.55 and a 200 day moving average of $6.19. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.35.
OLO Profile
(
Free Report)
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.
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