Northern Trust Corp Has $7.81 Million Stock Holdings in Olo Inc. (NYSE:OLO)

Northern Trust Corp boosted its holdings in shares of Olo Inc. (NYSE:OLO) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,016,295 shares of the company’s stock after buying an additional 75,307 shares during the period. Northern Trust Corp owned approximately 0.62% of OLO worth $7,805,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tandem Financial LLC acquired a new position in OLO during the fourth quarter worth $26,000. Global Retirement Partners LLC acquired a new position in OLO during the fourth quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in OLO during the fourth quarter worth $35,000. Envestnet Asset Management Inc. acquired a new position in OLO during the fourth quarter worth $80,000. Finally, Franklin Resources Inc. acquired a new position in OLO during the fourth quarter worth $81,000. Institutional investors and hedge funds own 93.40% of the company’s stock.

OLO Price Performance

NYSE OLO opened at $9.16 on Monday. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $9.78. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -91.54 and a beta of 1.41. The company has a fifty day moving average price of $6.69 and a 200-day moving average price of $6.98.

OLO (NYSE:OLO) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The firm had revenue of $80.68 million during the quarter, compared to analyst estimates of $77.47 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was up 21.3% compared to the same quarter last year. On average, research analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Lake Street Capital upped their target price on shares of OLO from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, May 9th.

OLO Profile

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.