Raymond James Financial Inc. bought a new stake in Olo Inc. (NYSE:OLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 305,417 shares of the company's stock, valued at approximately $2,346,000. Raymond James Financial Inc. owned 0.19% of OLO at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in shares of OLO by 5.1% during the 4th quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock worth $233,000 after acquiring an additional 1,464 shares in the last quarter. Invesco Ltd. lifted its holdings in OLO by 1.9% in the 4th quarter. Invesco Ltd. now owns 121,611 shares of the company's stock worth $934,000 after purchasing an additional 2,261 shares during the last quarter. Tandem Financial LLC bought a new stake in OLO during the fourth quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new position in OLO during the fourth quarter valued at approximately $27,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of OLO in the fourth quarter valued at approximately $35,000. Institutional investors own 93.40% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on OLO. Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of OLO in a report on Wednesday, January 8th. StockNews.com cut OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.
Get Our Latest Research Report on OLO
OLO Stock Performance
Shares of NYSE OLO traded up $0.18 during midday trading on Friday, reaching $7.30. 2,372,637 shares of the company traded hands, compared to its average volume of 1,195,317. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The stock's 50-day simple moving average is $6.29 and its 200-day simple moving average is $6.72. The firm has a market cap of $1.21 billion, a PE ratio of -72.99 and a beta of 1.41.
OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $76.07 million for the quarter, compared to the consensus estimate of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. On average, equities research analysts expect that Olo Inc. will post -0.03 EPS for the current year.
About OLO
(
Free Report)
Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.
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