OLO (OLO) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OLO in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OLO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OLO, but not buy additional shares or sell existing shares.
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5 analysts have issued 12-month price objectives for OLO's stock. Their OLO share price forecasts range from $8.50 to $21.00. On average, they expect the company's stock price to reach $11.58 in the next year. This suggests a possible upside of 75.8% from the stock's current price.
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OLO's stock was trading at $6.25 at the beginning of the year. Since then, OLO stock has increased by 5.4% and is now trading at $6.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our OLO earnings forecast.

Olo Inc. (NYSE:OLO) released its earnings results on Tuesday, November, 9th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $37.39 million for the quarter, compared to analyst estimates of $36.33 million. OLO had a negative trailing twelve-month return on equity of 4.63% and a negative net margin of 24.71%.

ETFs with the largest weight of OLO (NYSE:OLO) stock in their portfolio include WisdomTree Cloud Computing Fund (WCLD), SPDR FactSet Innovative Technology ETF (XITK).SPDR S&P Software & Services ETF (XSW),

OLO issued an update on its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $53.00 million-$53.50 million, compared to the consensus revenue estimate of $51.52 million.

(OLO) raised $306 million in an initial public offering (IPO) 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 served 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 variety of institutional and retail investors. Top institutional shareholders include Brown Capital Management LLC (9.23%), Kayne Anderson Rudnick Investment Management LLC (7.35%), BlackRock Inc. (4.09%), Wellington Management Group LLP (3.40%), Allspring Global Investments Holdings LLC (1.91%) and New York State Common Retirement Fund (1.53%). Insiders that own company stock include Andrew J Murray, Daniel Harris Meyer, Deanne Rhynard, Diego Panama, James D Iv Robinson, Marty D Hahnfeld, Matthew J Tucker, Nithya B Das, Noah H Glass, Peter J Benevides, Peter J Benevides and Robert Morvillo.
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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 $6.59.

OLO (NYSE:OLO) has a market capitalization of $1.07 billion and generates $185.40 million in revenue each year. The company earns $-45,970,000.00 in net income (profit) each year or ($0.29) 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.