Olo Inc. (NYSE:OLO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd reduced its position in Olo Inc. (NYSE:OLO - Free Report) by 57.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 71,261 shares of the company's stock after selling 97,316 shares during the period. XTX Topco Ltd's holdings in OLO were worth $547,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC grew its position in shares of OLO by 399.3% in the third quarter. Barclays PLC now owns 190,335 shares of the company's stock valued at $943,000 after purchasing an additional 152,214 shares during the period. Norges Bank purchased a new stake in OLO in the 4th quarter valued at about $5,181,000. Moloney Securities Asset Management LLC acquired a new position in shares of OLO during the 4th quarter valued at about $407,000. JPMorgan Chase & Co. lifted its holdings in shares of OLO by 220.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company's stock worth $2,770,000 after acquiring an additional 384,196 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of OLO in the fourth quarter worth approximately $890,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of OLO from $8.00 to $9.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. StockNews.com cut shares of OLO from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of OLO in a report on Wednesday, January 8th.

OLO Price Performance

NYSE OLO traded up $0.01 during mid-day trading on Friday, hitting $6.23. The company's stock had a trading volume of 243,654 shares, compared to its average volume of 1,169,668. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $8.35. The stock's fifty day simple moving average is $6.33 and its two-hundred day simple moving average is $6.63. The firm has a market capitalization of $1.03 billion, a P/E ratio of -62.24 and a beta of 1.42.

OLO (NYSE:OLO - Get Free Report) last posted its 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). OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The business had revenue of $76.07 million for the quarter, compared to analyst estimates of $72.76 million. On average, equities analysts forecast that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

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.