Zuhairah Scott Washington Sells 10,000 Shares of Olo Inc. (NYSE:OLO) Stock

Olo Inc. (NYSE:OLO - Get Free Report) Director Zuhairah Scott Washington sold 10,000 shares of OLO stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $8.48, for a total value of $84,800.00. Following the completion of the sale, the director now directly owns 68,677 shares in the company, valued at $582,380.96. This trade represents a 12.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Zuhairah Scott Washington also recently made the following trade(s):

• On Tuesday, June 17th, Zuhairah Scott Washington sold 1,000 shares of OLO stock. The shares were sold at an average price of $8.51, for a total value of $8,510.00.

OLO Trading Up 0.5%

Shares of NYSE:OLO traded up $0.05 during trading on Wednesday, reaching $8.52. The company's stock had a trading volume of 787,706 shares, compared to its average volume of 1,263,180. The firm's 50 day simple moving average is $7.83 and its two-hundred day simple moving average is $7.33. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $9.78. The stock has a market capitalization of $1.41 billion, a PE ratio of 425.96 and a beta of 1.58.

OLO (NYSE:OLO - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $80.68 million during the quarter, compared to analysts' expectations of $77.47 million. OLO had a return on equity of 1.46% and a net margin of 1.09%. The company's quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Research analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OLO shares. Lake Street Capital upped their price objective on OLO from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Wall Street Zen downgraded shares of OLO from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

Institutional Trading of OLO

Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC lifted its stake in OLO by 66.4% in the first quarter. Voya Investment Management LLC now owns 56,683 shares of the company's stock worth $342,000 after purchasing an additional 22,616 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of OLO in the first quarter worth approximately $146,000. Caxton Associates LLP bought a new stake in shares of OLO during the 1st quarter worth approximately $363,000. Dynamic Technology Lab Private Ltd boosted its holdings in OLO by 13.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 25,071 shares of the company's stock valued at $151,000 after acquiring an additional 2,922 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in OLO by 6.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,148 shares of the company's stock valued at $381,000 after acquiring an additional 3,666 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors.

About OLO

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.

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