OLO (NYSE:OLO - Get Free Report)'s stock had its "sector perform" rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Monday, MarketBeat reports. They presently have a $10.25 price target on the stock. Royal Bank Of Canada's target price suggests a potential upside of 1.13% from the stock's current price.
A number of other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of OLO from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Lake Street Capital lifted their target price on shares of OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.17.
Get Our Latest Research Report on OLO
OLO Stock Up 0.1%
OLO stock traded up $0.02 during trading on Monday, reaching $10.14. The stock had a trading volume of 4,201,142 shares, compared to its average volume of 1,558,040. OLO has a one year low of $4.20 and a one year high of $10.15. The company's 50 day moving average is $8.78 and its two-hundred day moving average is $7.50. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 507.00 and a beta of 1.57.
OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $80.68 million during the quarter, compared to analyst estimates of $77.47 million. OLO had a return on equity of 1.46% and a net margin of 1.09%. OLO's revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. As a group, research analysts predict that OLO will post -0.03 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Noah H. Glass sold 10,152 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $8.80, for a total transaction of $89,337.60. Following the completion of the transaction, the chief executive officer owned 278,202 shares in the company, valued at approximately $2,448,177.60. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter J. Benevides sold 23,078 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $8.80, for a total transaction of $203,086.40. Following the transaction, the chief financial officer owned 702,061 shares of the company's stock, valued at approximately $6,178,136.80. This represents a 3.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,630 shares of company stock valued at $864,454 over the last three months. Corporate insiders own 39.33% of the company's stock.
Hedge Funds Weigh In On OLO
Several institutional investors have recently bought and sold shares of the business. Amanah Holdings Trust bought a new position in OLO during the second quarter valued at $3,382,000. Voya Investment Management LLC lifted its position in OLO by 66.4% during the first quarter. Voya Investment Management LLC now owns 56,683 shares of the company's stock valued at $342,000 after purchasing an additional 22,616 shares during the last quarter. SCS Capital Management LLC bought a new position in OLO during the first quarter valued at $146,000. Caxton Associates LLP bought a new position in OLO during the first quarter valued at $363,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in OLO by 13.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 25,071 shares of the company's stock valued at $151,000 after purchasing an additional 2,922 shares during the last quarter. Institutional investors own 93.40% of the company's stock.
About OLO
(
Get 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.
Recommended Stories
Before you consider OLO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OLO wasn't on the list.
While OLO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.