Numerai GP LLC Has $944,000 Holdings in Olo Inc. (NYSE:OLO)

Numerai GP LLC cut its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 122,891 shares of the company's stock after selling 145,110 shares during the quarter. Numerai GP LLC owned 0.08% of OLO worth $944,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in OLO by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 14,689,381 shares of the company's stock valued at $112,814,000 after purchasing an additional 415,868 shares in the last quarter. Dimensional Fund Advisors LP raised its position in OLO by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,491,755 shares of the company's stock worth $26,817,000 after acquiring an additional 206,538 shares in the last quarter. Geode Capital Management LLC lifted its stake in OLO by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,466,289 shares of the company's stock valued at $18,945,000 after acquiring an additional 21,484 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in OLO by 44.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,032,634 shares of the company's stock valued at $15,611,000 after acquiring an additional 622,106 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of OLO by 138.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,895,935 shares of the company's stock worth $14,561,000 after purchasing an additional 1,100,307 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com cut OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Lake Street Capital lifted their target price on OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday, May 9th.

OLO Stock Performance

Shares of OLO stock traded up $0.17 during midday trading on Tuesday, hitting $9.14. 388,058 shares of the company were exchanged, compared to its average volume of 1,427,712. Olo Inc. has a 52 week low of $4.20 and a 52 week high of $9.78. The firm's 50 day moving average price is $6.74 and its two-hundred day moving average price is $7.01. The firm has a market capitalization of $1.52 billion, a P/E ratio of -91.34 and a beta of 1.41.

OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $80.68 million for the quarter, compared to analysts' expectations of $77.47 million. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. Analysts expect that Olo Inc. will post -0.03 EPS for the current year.

OLO 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.