Daiwa Securities Group Inc. Has $1.25 Million Stake in Olo Inc. (NYSE:OLO)

Daiwa Securities Group Inc. trimmed its stake in Olo Inc. (NYSE:OLO) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,043 shares of the company’s stock after selling 30,000 shares during the period. Daiwa Securities Group Inc.’s holdings in OLO were worth $1,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in OLO by 190.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 821,404 shares of the company’s stock valued at $4,978,000 after purchasing an additional 538,231 shares during the period. Lord Abbett & CO. LLC acquired a new stake in OLO in the third quarter valued at $3,499,000. Swiss National Bank increased its holdings in OLO by 1.6% in the third quarter. Swiss National Bank now owns 218,200 shares of the company’s stock valued at $1,322,000 after purchasing an additional 3,500 shares during the period. Vanguard Group Inc. increased its holdings in OLO by 4.4% in the third quarter. Vanguard Group Inc. now owns 11,849,783 shares of the company’s stock valued at $71,810,000 after purchasing an additional 495,247 shares during the period. Finally, Tudor Investment Corp Et Al increased its holdings in OLO by 81.9% in the third quarter. Tudor Investment Corp Et Al now owns 414,511 shares of the company’s stock valued at $2,512,000 after purchasing an additional 186,635 shares during the period. 93.40% of the stock is currently owned by institutional investors and hedge funds.

OLO Stock Performance

NYSE:OLO opened at $4.92 on Wednesday. Olo Inc. has a 12 month low of $4.25 and a 12 month high of $8.84. The firm has a fifty day simple moving average of $5.44 and a two-hundred day simple moving average of $5.41.

OLO (NYSE:OLO) last issued its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $63.00 million during the quarter, compared to the consensus estimate of $58.91 million. OLO had a negative return on equity of 2.96% and a negative net margin of 25.53%. The firm’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period last year, the business posted ($0.03) EPS. Equities research analysts anticipate that Olo Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.10.

OLO Profile

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.