OLO (NYSE:OLO - Free Report) had its price objective upped by Piper Sandler from $8.00 to $10.25 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.
Other research analysts have also issued reports about the company. Royal Bank Of Canada restated a "sector perform" rating and issued a $10.25 target price on shares of OLO in a research note on Monday. Wall Street Zen lowered shares of OLO from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Lake Street Capital raised their price objective on shares of OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, May 9th.
Check Out Our Latest Research Report on OLO
OLO Stock Performance
Shares of NYSE OLO traded up $0.02 during mid-day trading on Monday, reaching $10.14. 9,000,889 shares of the company traded hands, compared to its average volume of 1,515,749. The company's fifty day moving average is $8.55 and its two-hundred day moving average is $7.45. OLO has a fifty-two week low of $4.20 and a fifty-two week high of $10.14. The stock has a market cap of $1.68 billion, a PE ratio of 253.00 and a beta of 1.57.
OLO (NYSE:OLO - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The company had revenue of $80.68 million for the quarter, compared to analyst estimates of $77.47 million. OLO had a net margin of 1.09% and a return on equity of 1.46%. The company's quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. Research analysts forecast that OLO will post -0.03 earnings per share for the current year.
Insider Transactions at OLO
In other news, insider Robert Morvillo sold 10,129 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $8.80, for a total value of $89,135.20. Following the sale, the insider owned 386,516 shares in the company, valued at approximately $3,401,340.80. The trade was a 2.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sherri Manning sold 5,657 shares of OLO stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $8.80, for a total transaction of $49,781.60. Following the completion of the transaction, the insider owned 297,926 shares of the company's stock, valued at $2,621,748.80. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,630 shares of company stock valued at $864,454. 39.33% of the stock is owned by insiders.
Hedge Funds Weigh In On OLO
A number of large investors have recently modified their holdings of OLO. Vanguard Group Inc. raised its holdings in OLO by 2.7% in the first quarter. Vanguard Group Inc. now owns 15,090,745 shares of the company's stock worth $91,148,000 after purchasing an additional 401,364 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OLO by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,491,755 shares of the company's stock valued at $26,817,000 after buying an additional 206,538 shares in the last quarter. Nuveen LLC acquired a new stake in OLO during the 1st quarter worth $15,330,000. Geode Capital Management LLC lifted its holdings in OLO by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,466,289 shares of the company's stock worth $18,945,000 after acquiring an additional 21,484 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in OLO by 48.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,321,232 shares of the company's stock worth $17,827,000 after acquiring an additional 757,617 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.
About OLO
(
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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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