36,146 Shares in Olo Inc. (NYSE:OLO) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new stake in shares of Olo Inc. (NYSE:OLO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,146 shares of the company's stock, valued at approximately $278,000.

Several other large investors have also recently made changes to their positions in OLO. Tandem Financial LLC bought a new stake in shares of OLO during the 4th quarter valued at about $26,000. Global Retirement Partners LLC purchased a new position in shares of OLO during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in OLO in the fourth quarter worth $35,000. Envestnet Asset Management Inc. bought a new stake in OLO in the fourth quarter worth $80,000. Finally, Franklin Resources Inc. purchased a new stake in OLO during the fourth quarter valued at $81,000. 93.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Lake Street Capital upped their price target 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 lowered OLO from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th.

OLO Stock Down 0.7%

OLO stock traded down $0.07 during midday trading on Friday, reaching $9.16. The company's stock had a trading volume of 1,764,582 shares, compared to its average volume of 1,245,349. Olo Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $9.78. The company has a market cap of $1.52 billion, a P/E ratio of -91.54 and a beta of 1.41. The business has a 50-day simple moving average of $6.69 and a 200-day simple moving average of $6.98.

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

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.