Trexquant Investment LP Has $3.73 Million Stock Position in Olo Inc. (NYSE:OLO)

Trexquant Investment LP grew its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 75.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,681 shares of the company's stock after acquiring an additional 209,274 shares during the quarter. Trexquant Investment LP owned 0.30% of OLO worth $3,730,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OLO. Intech Investment Management LLC bought a new stake in shares of OLO in the third quarter worth $100,000. Charles Schwab Investment Management Inc. increased its stake in OLO by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company's stock valued at $5,049,000 after buying an additional 127,569 shares during the last quarter. FMR LLC lifted its position in OLO by 1,850.5% during the 3rd quarter. FMR LLC now owns 22,021 shares of the company's stock worth $109,000 after buying an additional 20,892 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of OLO during the 3rd quarter worth about $91,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of OLO during the 3rd quarter worth about $74,000. Institutional investors and hedge funds own 93.40% of the company's stock.

OLO Stock Performance

NYSE:OLO traded up $0.07 during mid-day trading on Friday, hitting $6.17. The stock had a trading volume of 1,014,092 shares, compared to its average volume of 1,167,979. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -61.64 and a beta of 1.42. The company's 50 day simple moving average is $6.54 and its 200 day simple moving average is $6.57.

OLO (NYSE:OLO - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $76.07 million during the quarter, compared to analyst estimates of $72.76 million. As a group, equities analysts forecast that Olo Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OLO shares. Royal Bank of Canada upped their target price on OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Piper Sandler reaffirmed a "neutral" rating and set a $8.00 price target on shares of OLO in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

OLO Company Profile

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.