Prudential Financial Inc. purchased a new stake in shares of 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 (SEC). The firm purchased 369,840 shares of the company's stock, valued at approximately $2,840,000. Prudential Financial Inc. owned approximately 0.23% of OLO as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in OLO. Tandem Financial LLC bought a new stake in shares of OLO in the 4th quarter worth $26,000. Global Retirement Partners LLC purchased a new stake in shares of OLO during the fourth quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in OLO in the 4th quarter worth about $35,000. Amundi raised its position in OLO by 93.0% in the 4th quarter. Amundi now owns 14,740 shares of the company's stock worth $112,000 after buying an additional 7,101 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in OLO during the 3rd quarter valued at about $74,000. 93.40% of the stock is currently owned by hedge funds and other institutional investors.
OLO Stock Performance
Shares of NYSE OLO traded up $0.05 during midday trading on Monday, hitting $5.90. 2,412,820 shares of the company's stock traded hands, compared to its average volume of 1,159,033. The stock has a market capitalization of $978.66 million, a price-to-earnings ratio of -58.94 and a beta of 1.42. The firm has a fifty day moving average of $6.69 and a 200 day moving average of $6.54. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.35.
OLO (NYSE:OLO - Get Free Report) last released its quarterly earnings results 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 business had revenue of $76.07 million during the quarter, compared to the consensus estimate of $72.76 million. On average, equities analysts anticipate that Olo Inc. will post -0.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on OLO. StockNews.com lowered shares of OLO from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Royal Bank of Canada lifted their target price on shares of OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Piper Sandler reissued a "neutral" rating and set a $8.00 price target on shares of OLO in a report on Wednesday, January 8th.
View Our Latest Research Report on OLO
OLO Company 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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