Tudor Investment Corp ET AL raised its holdings in Olo Inc. (NYSE:OLO - Free Report) by 127.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 474,106 shares of the company's stock after acquiring an additional 265,731 shares during the period. Tudor Investment Corp ET AL owned approximately 0.29% of OLO worth $3,641,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in OLO. Arizona State Retirement System lifted its stake in OLO by 5.1% during the fourth quarter. Arizona State Retirement System now owns 30,358 shares of the company's stock worth $233,000 after purchasing an additional 1,464 shares in the last quarter. Invesco Ltd. grew its holdings in shares of 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 purchasing an additional 2,261 shares in the last quarter. Tandem Financial LLC purchased a new position in OLO in the 4th quarter valued at approximately $26,000. Global Retirement Partners LLC purchased a new position in shares of OLO in the 4th quarter valued at about $27,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of OLO in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 93.40% of the company's stock.
OLO Price Performance
OLO stock traded up $0.33 during mid-day trading on Thursday, hitting $7.82. 778,856 shares of the company were exchanged, compared to its average volume of 1,208,477. The business's 50 day simple moving average is $6.32 and its two-hundred day simple moving average is $6.76. Olo Inc. has a 12-month low of $4.20 and a 12-month high of $8.35. The company has a market capitalization of $1.30 billion, a P/E ratio of -78.19 and a beta of 1.41.
OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The business had revenue of $76.07 million for the quarter, compared to analyst estimates of $72.76 million. Equities research analysts predict that Olo Inc. will post -0.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
OLO has been the subject of several research reports. StockNews.com downgraded shares of OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price objective on shares of OLO in a report on Wednesday, January 8th.
Check Out Our Latest Stock Analysis 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.
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