Russell Investments Group Ltd. decreased its position in Olo Inc. (NYSE:OLO - Free Report) by 78.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,396 shares of the company's stock after selling 79,720 shares during the quarter. Russell Investments Group Ltd.'s holdings in OLO were worth $172,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in OLO. Arizona State Retirement System increased its holdings in OLO by 5.1% in the 4th quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock valued at $233,000 after purchasing an additional 1,464 shares in the last quarter. Tandem Financial LLC acquired a new position in shares of OLO in the 4th quarter valued at $26,000. Global Retirement Partners LLC acquired a new position in shares of OLO in the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of OLO in the 4th quarter valued at $35,000. Finally, Amundi boosted its position in OLO by 93.0% during the fourth quarter. Amundi now owns 14,740 shares of the company's stock worth $112,000 after purchasing an additional 7,101 shares during the period. 93.40% of the stock is owned by hedge funds and other institutional investors.
OLO Trading Up 11.7 %
Shares of OLO stock traded up $0.73 on Thursday, hitting $6.93. 772,052 shares of the stock were exchanged, compared to its average volume of 1,172,675. The firm's 50 day moving average is $6.26 and its two-hundred day moving average is $6.67. Olo Inc. has a one year low of $4.20 and a one year high of $8.35. The firm has a market capitalization of $1.15 billion, a PE ratio of -69.04 and a beta of 1.42.
OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $76.07 million during the quarter, compared to analysts' expectations of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. On average, sell-side analysts expect that Olo Inc. will post -0.03 earnings per share for the current year.
Analysts Set New Price Targets
OLO has been the subject of a number of research reports. Royal Bank of Canada increased their price target on shares of OLO from $8.00 to $9.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Piper Sandler reissued a "neutral" rating and issued a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th.
Get Our Latest Report on OLO
About OLO
(
Free Report)
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.
Featured Articles
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
