Bosun Asset Management LLC purchased a new stake in shares of Olo Inc. (NYSE:OLO - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 42,048 shares of the company's stock, valued at approximately $323,000.
A number of other large investors also recently modified their holdings of the company. Barclays PLC raised its holdings in OLO by 399.3% during the 3rd quarter. Barclays PLC now owns 190,335 shares of the company's stock worth $943,000 after purchasing an additional 152,214 shares during the last quarter. JPMorgan Chase & Co. raised its stake in OLO by 220.4% during the third quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company's stock worth $2,770,000 after buying an additional 384,196 shares during the last quarter. SG Americas Securities LLC lifted its holdings in OLO by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 49,771 shares of the company's stock valued at $382,000 after buying an additional 7,979 shares during the period. Tandem Financial LLC bought a new stake in OLO during the fourth quarter valued at $26,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in OLO during the 4th quarter worth about $407,000. 93.40% of the stock is currently owned by institutional investors.
OLO Stock Up 1.6%
NYSE:OLO traded up $0.14 during trading hours on Monday, hitting $8.79. 796,637 shares of the company's stock traded hands, compared to its average volume of 1,221,065. The firm has a market cap of $1.46 billion, a P/E ratio of -88.04 and a beta of 1.41. The business's fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $6.83. Olo Inc. has a 52 week low of $4.20 and a 52 week high of $9.12.
OLO (NYSE:OLO - Get Free Report) last announced 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. The company had revenue of $80.68 million during the quarter, compared to analyst estimates of $77.47 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The firm's quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. On average, analysts expect that Olo Inc. will post -0.03 EPS for the current year.
Wall Street Analysts Forecast Growth
OLO has been the topic of a number of recent analyst reports. Lake Street Capital boosted their price objective on OLO from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com downgraded shares of OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.
View Our Latest Analysis on OLO
About OLO
(
Free Report)
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.
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