OLO (OLO) Scheduled to Post Earnings on Thursday

OLO (NYSE:OLO - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $70.50 million during the quarter, compared to the consensus estimate of $67.79 million. OLO had a negative return on equity of 0.47% and a negative net margin of 9.36%. OLO's revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, analysts expect OLO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OLO Price Performance

OLO traded down $0.01 on Thursday, reaching $5.01. The company's stock had a trading volume of 1,572,801 shares, compared to its average volume of 971,050. The stock has a market cap of $812.15 million, a price-to-earnings ratio of -33.40 and a beta of 1.27. OLO has a 1 year low of $4.20 and a 1 year high of $6.84. The business's 50 day moving average is $4.97 and its 200 day moving average is $4.82.

Insiders Place Their Bets

In related news, CRO Diego Panama sold 13,555 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $4.90, for a total value of $66,419.50. Following the sale, the executive now owns 569,859 shares of the company's stock, valued at approximately $2,792,309.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CRO Diego Panama sold 13,555 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $4.90, for a total value of $66,419.50. Following the sale, the executive now owns 569,859 shares of the company's stock, valued at approximately $2,792,309.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joanna G. Lambert sold 67,403 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $4.90, for a total value of $330,274.70. Following the completion of the sale, the chief operating officer now directly owns 591,646 shares in the company, valued at approximately $2,899,065.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,148 shares of company stock valued at $554,425 in the last quarter. Insiders own 39.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Lake Street Capital increased their target price on OLO from $8.50 to $9.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. StockNews.com raised OLO from a "hold" rating to a "buy" rating in a report on Wednesday, September 11th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $8.00 target price on shares of OLO in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, OLO has a consensus rating of "Moderate Buy" and an average target price of $8.67.

About OLO

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.