Divisar Capital Management LLC Acquires New Shares in Olo Inc. (NYSE:OLO)

Divisar Capital Management LLC purchased a new stake in shares of Olo Inc. (NYSE:OLO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 100,000 shares of the company's stock, valued at approximately $768,000. Divisar Capital Management LLC owned about 0.06% of OLO as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several research firms have commented on OLO. StockNews.com downgraded shares of OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Piper Sandler reissued a "neutral" rating and issued a $8.00 price target on shares of OLO in a report on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price objective on shares of OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd.

OLO Trading Up 2.5 %

OLO stock traded up $0.18 during trading hours on Friday, hitting $7.30. 2,372,637 shares of the stock were exchanged, compared to its average volume of 1,195,317. The company has a 50-day simple moving average of $6.29 and a two-hundred day simple moving average of $6.72. The firm has a market capitalization of $1.21 billion, a P/E ratio of -72.99 and a beta of 1.42. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35.

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

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.