Olo Inc. (NYSE:OLO - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $7.90 and last traded at $7.90, with a volume of 818006 shares traded. The stock had previously closed at $7.71.
Analyst Ratings Changes
Separately, StockNews.com lowered OLO from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th.
Check Out Our Latest Analysis on OLO
OLO Price Performance
The business's 50-day moving average price is $6.06 and its 200 day moving average price is $5.25.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in OLO during the second quarter valued at $249,000. Conestoga Capital Advisors LLC grew its holdings in shares of OLO by 30.6% during the second quarter. Conestoga Capital Advisors LLC now owns 310,310 shares of the company's stock worth $1,372,000 after purchasing an additional 72,685 shares in the last quarter. Rhumbline Advisers increased its position 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 purchasing an additional 4,979 shares during the last quarter. Acadian Asset Management LLC bought a new stake in OLO during the second quarter valued at approximately $227,000. Finally, American Century Companies Inc. grew its stake in OLO by 14.6% in the 2nd quarter. American Century Companies Inc. now owns 150,640 shares of the company's stock worth $666,000 after buying an additional 19,137 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.
OLO Company Profile
(
Get Free Report)
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.
Further Reading
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