Dimensional Fund Advisors LP Buys 206,538 Shares of Olo Inc. (NYSE:OLO)

Dimensional Fund Advisors LP increased its stake in shares of Olo Inc. (NYSE:OLO - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,491,755 shares of the company's stock after buying an additional 206,538 shares during the period. Dimensional Fund Advisors LP owned about 2.13% of OLO worth $26,817,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System lifted its stake in OLO by 5.1% in the fourth quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock valued at $233,000 after purchasing an additional 1,464 shares during the last quarter. Invesco Ltd. increased 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 acquiring an additional 2,261 shares during the last quarter. Tandem Financial LLC purchased a new stake in OLO during the fourth quarter valued at about $26,000. Global Retirement Partners LLC bought a new position in OLO during the fourth quarter worth about $27,000. Finally, SBI Securities Co. Ltd. bought a new position in OLO during the fourth quarter worth about $35,000. Institutional investors own 93.40% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OLO. StockNews.com cut shares of OLO from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Lake Street Capital raised their price objective on shares of OLO from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Friday.

OLO Trading Up 7.5 %

Shares of OLO traded up $0.60 during trading hours on Friday, reaching $8.65. 3,643,954 shares of the company's stock traded hands, compared to its average volume of 1,222,549. The firm's 50 day simple moving average is $6.39 and its 200-day simple moving average is $6.82. The stock has a market cap of $1.44 billion, a PE ratio of -86.49 and a beta of 1.41. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.83.

OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $80.68 million for the quarter, compared to analyst estimates of $77.47 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business's revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, analysts expect that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

OLO Company 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.