Olo Inc. (NYSE:OLO – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.42.
OLO has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on OLO from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. BTIG Research started coverage on OLO in a report on Thursday, June 15th. They issued a “neutral” rating for the company. StockNews.com initiated coverage on OLO in a report on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. increased their price target on OLO from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Finally, Royal Bank of Canada upped their price objective on shares of OLO from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd.
Insider Buying and Selling
Institutional Trading of OLO
A number of hedge funds and other institutional investors have recently modified their holdings of OLO. Blair William & Co. IL raised its position in shares of OLO by 1.2% during the fourth quarter. Blair William & Co. IL now owns 101,379 shares of the company’s stock worth $634,000 after purchasing an additional 1,251 shares during the period. Principal Financial Group Inc. lifted its position in shares of OLO by 14.0% in the second quarter. Principal Financial Group Inc. now owns 11,691 shares of the company’s stock worth $76,000 after buying an additional 1,439 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of OLO by 10.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,780 shares of the company’s stock worth $99,000 after buying an additional 1,460 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of OLO by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,655 shares of the company’s stock worth $291,000 after purchasing an additional 1,554 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of OLO by 41.7% during the 4th quarter. State of Wyoming now owns 5,317 shares of the company’s stock worth $33,000 after purchasing an additional 1,566 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.
OLO Price Performance
Shares of NYSE OLO opened at $6.15 on Friday. The business has a 50-day moving average of $6.71 and a two-hundred day moving average of $7.14. OLO has a 1 year low of $5.74 and a 1 year high of $9.55. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -18.62 and a beta of 1.24.
OLO (NYSE:OLO – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $55.25 million for the quarter, compared to analysts’ expectations of $53.22 million. OLO had a negative return on equity of 4.19% and a negative net margin of 26.19%. As a group, equities research analysts expect that OLO will post -0.15 earnings per share for the current year.
Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.
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