OLO (OLO) Stock Forecast, Price & News

7 Wall Street 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 analysts is that investors should "moderate buy" OLO shares.
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7 Wall Street research analysts have issued twelve-month target prices for OLO's stock. Their OLO share price forecasts range from $8.50 to $12.00. On average, they predict the company's share price to reach $10.42 in the next twelve months. This suggests a possible upside of 69.4% 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 decreased by 1.6% and is now trading at $6.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Olo Inc. (NYSE:OLO) posted 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 firm earned $55.25 million during 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 earnings per share (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 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 number of retail and institutional 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 $6.15.

OLO (NYSE:OLO) has a market capitalization of $1.00 billion and generates $185.40 million in revenue each year. The company earns $-45,970,000.00 in net income (profit) each year or ($0.33) 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.