Olo Inc. (NYSE:OLO) Given Average Rating of “Moderate Buy” by Brokerages

Olo Inc. (NYSE:OLO) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $9.10.

Separately, Piper Sandler boosted their price objective on shares of OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd.

OLO Trading Down 0.4 %

NYSE:OLO opened at $4.67 on Friday. OLO has a 12 month low of $4.25 and a 12 month high of $8.84. The company has a 50 day simple moving average of $5.48 and a two-hundred day simple moving average of $5.43. The company has a market cap of $756.07 million, a PE ratio of -12.97 and a beta of 1.28.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in OLO by 190.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 821,404 shares of the company’s stock worth $4,978,000 after buying an additional 538,231 shares during the period. Lord Abbett & CO. LLC purchased a new stake in OLO in the 3rd quarter worth $3,499,000. Swiss National Bank lifted its stake in OLO by 1.6% in the 3rd quarter. Swiss National Bank now owns 218,200 shares of the company’s stock worth $1,322,000 after purchasing an additional 3,500 shares in the last quarter. Vanguard Group Inc. lifted its stake in OLO by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 11,849,783 shares of the company’s stock worth $71,810,000 after purchasing an additional 495,247 shares in the last quarter. Finally, Tudor Investment Corp Et Al lifted its stake in OLO by 81.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 414,511 shares of the company’s stock worth $2,512,000 after purchasing an additional 186,635 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

About OLO

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.