OLO (OLO) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for OLO in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" OLO shares.
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7 analysts have issued 1-year price targets for OLO's shares. Their OLO share price forecasts range from $8.50 to $12.00. On average, they predict the company's stock price to reach $10.42 in the next twelve months. This suggests a possible upside of 74.2% from the stock's current price.
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OLO's stock was trading at $6.25 at the start of the year. Since then, OLO shares have decreased by 4.3% and is now trading at $5.98.
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OLO saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 7,530,000 shares, a decrease of 17.3% from the August 31st total of 9,110,000 shares. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 7.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our OLO earnings forecast.

Olo Inc. (NYSE:OLO) announced its quarterly earnings results on Tuesday, August, 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $55.25 million for the quarter, compared to analyst estimates of $53.22 million. OLO had a negative net margin of 26.19% and a negative trailing twelve-month return on equity of 4.19%.

OLO updated its third quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $56.00 million-$56.50 million, compared to the consensus revenue estimate of $54.53 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 variety of institutional and retail investors. Top institutional investors include Brown Capital Management LLC (9.94%), Kayne Anderson Rudnick Investment Management LLC (7.30%), BlackRock Inc. (4.58%), Battery Management CORP. (2.24%), Allspring Global Investments Holdings LLC (1.78%) and Allspring Global Investments Holdings LLC (1.78%). Insiders that own company stock include Andrew J Murray, Daniel Harris Meyer, Deanne Rhynard, Diego Panama, James D Iv Robinson, Joanna G Lambert, Marty D Hahnfeld, Matthew J Tucker, Nithya B Das, Noah H Glass, Peter J Benevides, Peter J Benevides, Robert Morvillo, Sherri Manning and Zuhairah Scott Washington.
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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 $5.98.

OLO (NYSE:OLO) has a market capitalization of $976.29 million and generates $185.40 million in revenue each year. The company earns $-45,970,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

The company employs 712 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.