OLO (NYSE:OLO - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.
OLO has been the topic of several other research reports. Royal Bank of Canada lifted their target price on OLO from $8.00 to $9.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Piper Sandler restated a "neutral" rating and set a $8.00 target price on shares of OLO in a research report on Wednesday, January 8th.
Get Our Latest Analysis on OLO
OLO Price Performance
Shares of OLO stock traded up $0.10 during trading hours on Wednesday, reaching $6.45. 1,790,152 shares of the company traded hands, compared to its average volume of 1,088,750. The firm has a 50-day moving average price of $6.99 and a 200 day moving average price of $6.42. The company has a market cap of $1.07 billion, a P/E ratio of -64.44 and a beta of 1.41. OLO has a 12-month low of $4.20 and a 12-month high of $8.35.
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 the consensus estimate of $0.07 by ($0.06). The firm had revenue of $76.07 million for the quarter, compared to the consensus estimate of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. Sell-side analysts predict that OLO will post -0.03 EPS for the current year.
Institutional Investors Weigh In On OLO
Institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System grew its position in OLO by 5.1% in the 4th quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock valued at $233,000 after acquiring an additional 1,464 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of OLO by 3.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,482 shares of the company's stock worth $457,000 after purchasing an additional 1,740 shares during the last quarter. Invesco Ltd. increased its stake in OLO by 1.9% in the 4th quarter. Invesco Ltd. now owns 121,611 shares of the company's stock worth $934,000 after buying an additional 2,261 shares during the period. California State Teachers Retirement System lifted its holdings in OLO by 2.8% during the 4th quarter. California State Teachers Retirement System now owns 97,847 shares of the company's stock valued at $751,000 after buying an additional 2,666 shares in the last quarter. Finally, Tandem Financial LLC purchased a new stake in OLO in the 4th quarter valued at about $26,000. 93.40% of the stock is owned by institutional investors.
About OLO
(
Get 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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