Caxton Associates LLP bought a new stake in shares of Olo Inc. (NYSE:OLO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,128 shares of the company's stock, valued at approximately $363,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OLO by 3.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,482 shares of the company's stock valued at $457,000 after buying an additional 1,740 shares during the last quarter. Ameriprise Financial Inc. increased its position in OLO by 2.0% in the 4th quarter. Ameriprise Financial Inc. now owns 672,841 shares of the company's stock valued at $5,167,000 after acquiring an additional 13,387 shares during the period. ProShare Advisors LLC raised its stake in OLO by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 29,504 shares of the company's stock valued at $227,000 after acquiring an additional 9,709 shares in the last quarter. Northern Trust Corp boosted its position in OLO by 8.0% during the 4th quarter. Northern Trust Corp now owns 1,016,295 shares of the company's stock worth $7,805,000 after acquiring an additional 75,307 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of OLO by 20.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,173 shares of the company's stock worth $1,269,000 after purchasing an additional 27,496 shares in the last quarter. Institutional investors own 93.40% of the company's stock.
OLO Stock Performance
Shares of NYSE:OLO remained flat at $10.26 during trading hours on Monday. The firm's 50-day moving average is $10.24 and its two-hundred day moving average is $8.46. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 146.57 and a beta of 1.58. Olo Inc. has a 1 year low of $4.56 and a 1 year high of $10.55.
OLO (NYSE:OLO - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $85.72 million for the quarter, compared to analyst estimates of $82.23 million. OLO had a negative net margin of 0.28% and a positive return on equity of 2.13%. The firm's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. Analysts forecast that Olo Inc. will post -0.03 earnings per share for the current fiscal year.
Insider Activity at OLO
In other news, insider Robert Morvillo sold 10,736 shares of the company's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $10.25, for a total transaction of $110,044.00. Following the completion of the sale, the insider directly owned 375,780 shares of the company's stock, valued at $3,851,745. This represents a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joanna G. Lambert sold 38,275 shares of OLO stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $10.25, for a total value of $392,318.75. Following the completion of the transaction, the chief operating officer directly owned 886,871 shares in the company, valued at $9,090,427.75. This represents a 4.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,623 shares of company stock worth $1,049,846. 38.41% of the stock is owned by corporate insiders.
Analyst Ratings Changes
OLO has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $10.25 price objective on shares of OLO in a research note on Monday, July 7th. Lake Street Capital downgraded shares of OLO from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Truist Financial lowered shares of OLO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Piper Sandler raised their price objective on shares of OLO from $8.00 to $10.25 and gave the company a "neutral" rating in a research note on Monday, July 7th. Finally, Wall Street Zen cut OLO from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, OLO presently has a consensus rating of "Hold" and an average price target of $10.17.
Check Out Our Latest Analysis on OLO
OLO Company Profile
(
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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