Wells Fargo & Company MN lifted its position in Olo Inc. (NYSE:OLO - Free Report) by 112.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,655 shares of the company's stock after buying an additional 54,427 shares during the period. Wells Fargo & Company MN owned about 0.06% of OLO worth $788,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Arizona State Retirement System increased its position in shares of 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 acquiring an additional 1,464 shares in the last quarter. Tandem Financial LLC bought a new position in OLO during the 4th quarter worth about $26,000. Global Retirement Partners LLC bought a new position in OLO during the 4th quarter worth about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of OLO in the fourth quarter valued at about $35,000. Finally, Amundi lifted its holdings in shares of OLO by 93.0% in the fourth quarter. Amundi now owns 14,740 shares of the company's stock valued at $112,000 after purchasing an additional 7,101 shares in the last quarter. Institutional investors own 93.40% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on OLO. StockNews.com lowered OLO from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. 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.
Read Our Latest Report on OLO
OLO Stock Performance
OLO traded up $0.09 on Tuesday, hitting $7.43. 2,207,301 shares of the company were exchanged, compared to its average volume of 1,204,228. The stock's fifty day moving average is $6.31 and its 200-day moving average is $6.75. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The company has a market cap of $1.23 billion, a PE ratio of -74.29 and a beta of 1.41.
OLO (NYSE:OLO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $76.07 million for the quarter, compared to the consensus estimate of $72.76 million. As a group, equities research analysts expect that Olo Inc. will post -0.03 EPS for the current fiscal year.
OLO Company Profile
(
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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