Olo Inc. (NYSE:OLO - Get Free Report) Director Zuhairah Scott Washington sold 10,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $8.48, for a total transaction of $84,800.00. Following the completion of the transaction, the director now owns 68,677 shares in the company, valued at $582,380.96. The trade was a 12.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $8.51, for a total value of $8,510.00.
OLO Stock Performance
Shares of OLO traded down $0.19 during trading hours on Friday, reaching $8.34. 1,451,222 shares of the company traded hands, compared to its average volume of 1,269,347. The stock's fifty day moving average is $7.96 and its 200 day moving average is $7.36. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $9.78. The stock has a market cap of $1.38 billion, a P/E ratio of 416.96 and a beta of 1.58.
OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. OLO had a return on equity of 1.46% and a net margin of 1.09%. The firm had revenue of $80.68 million for the quarter, compared to analyst estimates of $77.47 million. During the same period in the previous year, the company posted $0.05 earnings per share. The company's quarterly revenue was up 21.3% compared to the same quarter last year. On average, equities research analysts predict that Olo Inc. will post -0.03 EPS for the current year.
Institutional Investors Weigh In On OLO
Institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new position in shares of OLO during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in OLO during the fourth quarter worth $35,000. SMI Advisory Services LLC bought a new position in shares of OLO during the first quarter valued at $62,000. Calamos Advisors LLC acquired a new stake in shares of OLO in the 1st quarter valued at $63,000. Finally, Corton Capital Inc. bought a new stake in shares of OLO in the 1st quarter worth about $66,000. Institutional investors own 93.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on OLO shares. Lake Street Capital raised their target price on OLO from $9.00 to $10.00 and gave the company 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.
Get Our Latest Analysis on OLO
OLO Company Profile
(
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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.
Further Reading

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