Cubist Systematic Strategies LLC trimmed its holdings in shares of Olo Inc. (NYSE:OLO - Free Report) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,692 shares of the company's stock after selling 489,712 shares during the period. Cubist Systematic Strategies LLC owned 0.15% of OLO worth $1,833,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Centiva Capital LP bought a new stake in shares of OLO in the 4th quarter worth approximately $278,000. Bosun Asset Management LLC acquired a new stake in OLO in the fourth quarter worth $323,000. Brevan Howard Capital Management LP increased its position in OLO by 45.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 33,444 shares of the company's stock worth $257,000 after buying an additional 10,442 shares during the period. Caxton Associates LP bought a new stake in OLO in the fourth quarter valued at $516,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of OLO by 67.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 138,770 shares of the company's stock valued at $1,066,000 after acquiring an additional 56,073 shares during the period. 93.40% of the stock is currently owned by institutional investors.
OLO Stock Down 0.7%
OLO stock traded down $0.07 during mid-day trading on Friday, hitting $9.16. 1,764,582 shares of the company's stock traded hands, compared to its average volume of 1,243,325. Olo Inc. has a one year low of $4.20 and a one year high of $9.78. The firm has a 50 day moving average price of $6.63 and a 200 day moving average price of $6.92. The company has a market cap of $1.52 billion, a PE ratio of -91.54 and a beta of 1.41.
OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The business had revenue of $80.68 million during the quarter, compared to the consensus estimate of $77.47 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company's quarterly revenue was up 21.3% compared to the same quarter last year. On average, analysts expect that Olo Inc. will post -0.03 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on OLO shares. StockNews.com lowered shares of OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Lake Street Capital raised their price target on shares of OLO from $9.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, May 9th.
Read Our Latest Stock 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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