Palogic Value Management L.P. trimmed its position in Olo Inc. (NYSE:OLO - Free Report) by 57.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,303 shares of the company's stock after selling 395,000 shares during the quarter. Palogic Value Management L.P. owned approximately 0.18% of OLO worth $2,276,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLO. Tandem Financial LLC acquired a new stake in shares of OLO in the 4th quarter valued at $26,000. Global Retirement Partners LLC bought a new position in OLO in the 4th quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in OLO in the fourth quarter worth $35,000. Point72 Asset Management L.P. bought a new stake in OLO during the 3rd quarter worth about $74,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of OLO during the third quarter valued at approximately $91,000. 93.40% of the stock is owned by hedge funds and other institutional investors.
OLO Stock Performance
NYSE:OLO traded down $0.04 on Tuesday, hitting $6.51. The stock had a trading volume of 1,013,114 shares, compared to its average volume of 1,087,918. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.35. The firm's fifty day simple moving average is $6.97 and its two-hundred day simple moving average is $6.45. The stock has a market cap of $1.08 billion, a P/E ratio of -65.09 and a beta of 1.41.
OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $76.07 million during the quarter, compared to the consensus estimate of $72.76 million. Equities research analysts predict that Olo Inc. will post -0.03 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on OLO shares. Piper Sandler reiterated a "neutral" rating and set a $8.00 target price on shares of OLO in a report on Wednesday, January 8th. StockNews.com cut OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada raised their target price on shares of OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd.
View Our Latest Report on OLO
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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