OLO - OLO Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OLO in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" OLO shares.
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4 analysts have issued 1 year target prices for OLO's shares. Their OLO share price forecasts range from $9.00 to $21.00. On average, they anticipate the company's stock price to reach $13.40 in the next twelve months. This suggests a possible upside of 73.6% from the stock's current price.
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OLO's stock was trading at $20.81 at the beginning of the year. Since then, OLO stock has decreased by 62.9% and is now trading at $7.72.
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OLO saw a decrease in short interest in August. As of August 31st, there was short interest totaling 9,740,000 shares, a decrease of 22.4% from the August 15th total of 12,550,000 shares. Based on an average trading volume of 1,910,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 9.9% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our OLO earnings forecast.

Olo Inc. (NYSE:OLO) posted its quarterly earnings data on Thursday, August, 11th. The company reported $0.01 EPS for the quarter. The business earned $45.60 million during the quarter, compared to analysts' expectations of $45.83 million. OLO had a negative net margin of 22.06% and a negative trailing twelve-month return on equity of 3.99%. The business's revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS.

OLO issued an update on its third quarter 2022 earnings guidance on Friday, September, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $46.50 million-$47.00 million, compared to the consensus revenue estimate of $51.12 million.

(OLO) raised $306 million in an initial public offering on Wednesday, March 17th 2021. The company issued 18,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan and RBC Capital Markets acted as the underwriters for the IPO and Piper Sandler, The Raine Group, Stifel, Truist Securities and William Blair were co-managers.

OLO trades on the New York Stock Exchange (NYSE) under the ticker symbol "OLO."

OLO's stock is owned by a number of institutional and retail investors. Top institutional investors include Nine Ten Capital Management LLC (3.47%), Allspring Global Investments Holdings LLC (2.52%), Artisan Partners Limited Partnership (1.40%), Bares Capital Management Inc. (1.33%), Kayne Anderson Rudnick Investment Management LLC (1.17%) and State Street Corp (1.08%). Insiders that own company stock include Andrew J Murray, Daniel Harris Meyer, Deanne Rhynard, James D Iv Robinson, Marty D Hahnfeld, Matthew J Tucker, Nithya B Das, Noah H Glass, Peter J Benevides and Peter J Benevides.
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Shares of OLO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OLO stock can currently be purchased for approximately $7.72.

OLO (NYSE:OLO) has a market capitalization of $1.23 billion and generates $149.37 million in revenue each year. The company earns $-42,270,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis.

The company employs 639 workers across the globe.

OLO's mailing address is 285 FULTON STREET ONE WORLD TRADE CENTER 82ND FLOOR, NEW YORK NY, 10007. The official website for the company is www.olo.com. The company can be reached via phone at 212-260-0895 or via email at investorrelations@olo.com.