Raymond James Financial Inc. acquired a new position in shares of Olo Inc. (NYSE:OLO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 305,417 shares of the company's stock, valued at approximately $2,346,000. Raymond James Financial Inc. owned 0.19% of OLO at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Tandem Financial LLC acquired a new stake in shares of OLO in the fourth quarter valued at about $26,000. Global Retirement Partners LLC acquired a new stake in OLO in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in OLO in the 4th quarter worth approximately $35,000. Point72 Asset Management L.P. acquired a new position in shares of OLO during the third quarter worth approximately $74,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of OLO in the third quarter valued at approximately $91,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.
OLO Stock Performance
OLO stock remained flat at $6.19 on Wednesday. 1,164,660 shares of the company's stock traded hands, compared to its average volume of 1,142,156. Olo Inc. has a 12-month low of $4.20 and a 12-month high of $8.35. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of -61.89 and a beta of 1.41. The firm has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $6.51.
OLO (NYSE:OLO - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $76.07 million during 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%. On average, analysts predict that Olo Inc. will post -0.03 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms recently commented on OLO. Piper Sandler reiterated a "neutral" rating and set a $8.00 target price on shares of OLO in a research note on Wednesday, January 8th. Royal Bank of Canada upped their price objective on shares of OLO from $8.00 to $9.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.
View Our Latest Report on OLO
About OLO
(
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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