Divisar Capital Management LLC Invests $768,000 in Olo Inc. (NYSE:OLO)

Divisar Capital Management LLC purchased a new position in shares of Olo Inc. (NYSE:OLO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company's stock, valued at approximately $768,000. Divisar Capital Management LLC owned 0.06% of OLO at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of OLO by 399.3% in the 3rd quarter. Barclays PLC now owns 190,335 shares of the company's stock worth $943,000 after acquiring an additional 152,214 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of OLO in the fourth quarter worth about $2,346,000. Norges Bank acquired a new position in shares of OLO in the 4th quarter valued at $5,181,000. Moloney Securities Asset Management LLC acquired a new stake in shares of OLO during the 4th quarter valued at about $407,000. Finally, JPMorgan Chase & Co. increased its position in shares of OLO by 220.4% in 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 in the last quarter. 93.40% of the stock is currently owned by institutional investors.

OLO Stock Performance

Shares of NYSE OLO traded up $0.01 during mid-day trading on Tuesday, reaching $7.35. The company's stock had a trading volume of 800,141 shares, compared to its average volume of 1,197,849. The stock has a 50-day moving average of $6.30 and a two-hundred day moving average of $6.75. The stock has a market capitalization of $1.22 billion, a P/E ratio of -73.34 and a beta of 1.41. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $8.35.

OLO (NYSE:OLO - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $76.07 million during the quarter, compared to analysts' expectations of $72.76 million. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. Analysts predict that Olo Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on OLO shares. Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of OLO in a research report on Wednesday, January 8th. StockNews.com cut OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

OLO Profile

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.