Olo Inc. (NYSE:OLO) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Olo Inc. (NYSE:OLO) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 165,173 shares of the company’s stock after purchasing an additional 27,496 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of OLO worth $1,269,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of OLO. Raymond James Financial Inc. bought a new position in OLO during the fourth quarter valued at about $2,346,000. Norges Bank bought a new position in OLO during the fourth quarter valued at about $5,181,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in OLO by 3.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,482 shares of the company’s stock valued at $457,000 after buying an additional 1,740 shares in the last quarter. Moloney Securities Asset Management LLC bought a new position in OLO during the fourth quarter valued at about $407,000. Finally, Ameriprise Financial Inc. boosted its stake in OLO by 2.0% during the fourth quarter. Ameriprise Financial Inc. now owns 672,841 shares of the company’s stock valued at $5,167,000 after buying an additional 13,387 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

Insider Activity at OLO

In other OLO news, CEO Noah H. Glass sold 10,152 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $8.80, for a total transaction of $89,337.60. Following the completion of the sale, the chief executive officer now directly owns 278,202 shares in the company, valued at approximately $2,448,177.60. This trade represents a 3.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Joanna G. Lambert sold 38,614 shares of the firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $8.80, for a total value of $339,803.20. Following the sale, the chief operating officer now owns 925,146 shares of the company’s stock, valued at $8,141,284.80. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,630 shares of company stock worth $771,144 in the last quarter. 39.33% of the stock is owned by company insiders.

OLO Stock Down 1.7%

NYSE:OLO opened at $8.77 on Tuesday. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $9.78. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -87.69 and a beta of 1.58. The stock has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $7.28.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on OLO shares. Lake Street Capital raised their target price on OLO from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Wall Street Zen cut OLO from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.

About OLO

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.