Olo Inc. (NYSE:OLO) Holdings Decreased by PDT Partners LLC

PDT Partners LLC reduced its holdings in shares of Olo Inc. (NYSE:OLO - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 205,716 shares of the company's stock after selling 41,552 shares during the quarter. PDT Partners LLC owned 0.13% of OLO worth $1,580,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arizona State Retirement System grew its holdings in OLO by 5.1% during the 4th quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock worth $233,000 after acquiring an additional 1,464 shares in the last quarter. Invesco Ltd. increased its holdings in OLO by 1.9% in the fourth quarter. Invesco Ltd. now owns 121,611 shares of the company's stock valued at $934,000 after buying an additional 2,261 shares during the last quarter. Tandem Financial LLC acquired a new stake in OLO during the fourth quarter valued at approximately $26,000. Global Retirement Partners LLC bought a new position in OLO during the 4th quarter worth approximately $27,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of OLO in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 93.40% of the company's stock.

OLO Stock Up 0.6 %

NYSE OLO traded up $0.05 during trading hours on Monday, hitting $7.33. The company had a trading volume of 624,726 shares, compared to its average volume of 1,193,254. The firm has a market cap of $1.22 billion, a P/E ratio of -73.34 and a beta of 1.41. Olo Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $8.35. The business has a fifty day simple moving average of $6.29 and a 200-day simple moving average of $6.73.

OLO (NYSE:OLO - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $76.07 million during the quarter, compared to analyst estimates of $72.76 million. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. Equities analysts forecast that Olo Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on OLO. StockNews.com downgraded shares of OLO from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Piper Sandler reaffirmed a "neutral" rating and set a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th.

OLO Company Profile

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.