StoneX Group Inc. purchased a new stake in Olo Inc. (NYSE:OLO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 100,978 shares of the company's stock, valued at approximately $776,000. StoneX Group Inc. owned about 0.06% of OLO at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Tandem Financial LLC acquired a new position in OLO in the fourth quarter valued at $26,000. Global Retirement Partners LLC purchased a new stake in shares of OLO in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new position in OLO in the fourth quarter worth $35,000. Point72 Asset Management L.P. acquired a new stake in OLO in the third quarter valued at $74,000. Finally, Franklin Resources Inc. purchased a new stake in shares of OLO during the 4th quarter worth $81,000. Institutional investors and hedge funds own 93.40% of the company's stock.
Wall Street Analyst Weigh In
OLO has been the topic of a number of research analyst reports. StockNews.com downgraded shares of OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Royal Bank of Canada lifted their price target on OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Piper Sandler restated a "neutral" rating and set a $8.00 target price on shares of OLO in a report on Wednesday, January 8th.
Read Our Latest Stock Analysis on OLO
OLO Stock Performance
NYSE OLO traded up $0.02 during mid-day trading on Monday, reaching $5.87. 867,065 shares of the stock were exchanged, compared to its average volume of 1,153,054. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $8.35. The business's fifty day simple moving average is $6.72 and its 200 day simple moving average is $6.54. The stock has a market capitalization of $973.68 million, a PE ratio of -58.54 and a beta of 1.42.
OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The company had revenue of $76.07 million for the quarter, compared to analysts' expectations of $72.76 million. On average, analysts anticipate that Olo Inc. will post -0.03 EPS for the current year.
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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