Jane Street Group LLC Sells 127,251 Shares of Olo Inc. (NYSE:OLO)

Jane Street Group LLC lowered its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 84.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,239 shares of the company's stock after selling 127,251 shares during the quarter. Jane Street Group LLC's holdings in OLO were worth $186,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Connors Investor Services Inc. lifted its stake in OLO by 13.2% in the fourth quarter. Connors Investor Services Inc. now owns 38,495 shares of the company's stock valued at $296,000 after buying an additional 4,495 shares in the last quarter. Northern Trust Corp raised its holdings in shares of OLO by 8.0% during the fourth 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. Tudor Investment Corp ET AL lifted its position in OLO by 127.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 474,106 shares of the company's stock valued at $3,641,000 after acquiring an additional 265,731 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in OLO in the 4th quarter valued at $1,837,000. Finally, Steel Grove Capital Advisors LLC boosted its stake in OLO by 66.0% in the 4th quarter. Steel Grove Capital Advisors LLC now owns 28,878 shares of the company's stock worth $222,000 after purchasing an additional 11,485 shares during the period. Institutional investors own 93.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen downgraded OLO from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Lake Street Capital lifted their target price on OLO from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, May 9th.

OLO Stock Up 1.5%

OLO traded up $0.13 during trading hours on Friday, hitting $8.95. 1,748,696 shares of the company's stock were exchanged, compared to its average volume of 1,265,856. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -89.49 and a beta of 1.57. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $9.78. The stock's 50-day moving average is $7.45 and its two-hundred day moving average is $7.26.

OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $80.68 million during the quarter, compared to the consensus estimate of $77.47 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The company's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 EPS. On average, equities research analysts anticipate that Olo Inc. will post -0.03 EPS for the current 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.