BNP Paribas Financial Markets Buys Shares of 432,241 Olo Inc. (NYSE:OLO)

BNP Paribas Financial Markets bought a new stake in shares of Olo Inc. (NYSE:OLO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 432,241 shares of the company's stock, valued at approximately $3,320,000. BNP Paribas Financial Markets owned approximately 0.26% of OLO as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of OLO in the fourth quarter valued at about $2,346,000. Norges Bank bought a new position in OLO in the 4th quarter worth approximately $5,181,000. Moloney Securities Asset Management LLC purchased a new stake in OLO during the 4th quarter valued at approximately $407,000. JPMorgan Chase & Co. raised its position in shares of OLO by 220.4% during the third quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company's stock valued at $2,770,000 after buying an additional 384,196 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of OLO during the fourth quarter worth $890,000. Institutional investors own 93.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Lake Street Capital boosted their target price on OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. StockNews.com cut OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

OLO Trading Up 0.3%

Shares of NYSE:OLO traded up $0.03 during trading on Wednesday, reaching $9.10. The company's stock had a trading volume of 142,504 shares, compared to its average volume of 1,245,563. The stock has a market capitalization of $1.51 billion, a PE ratio of -91.14 and a beta of 1.41. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $9.78. The firm's 50 day simple moving average is $6.81 and its two-hundred day simple moving average is $7.02.

OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $80.68 million for the quarter, compared to the consensus estimate of $77.47 million. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. Research analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

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.