Shares of Olo Inc. (NYSE:OLO – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $8.90.
OLO has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of OLO from $10.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 7th. Royal Bank of Canada dropped their target price on shares of OLO from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. William Blair cut shares of OLO from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Finally, Lake Street Capital started coverage on shares of OLO in a research report on Friday, December 15th. They set a “buy” rating and a $7.50 price objective for the company.
Insider Buying and Selling
Hedge Funds Weigh In On OLO
Large investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of OLO in the 2nd quarter worth $77,000. Brown Capital Management LLC lifted its holdings in shares of OLO by 9.0% in the 2nd quarter. Brown Capital Management LLC now owns 16,227,945 shares of the company’s stock worth $104,833,000 after buying an additional 1,335,223 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of OLO by 16.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 98,444 shares of the company’s stock worth $597,000 after purchasing an additional 13,886 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of OLO by 94.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 577,563 shares of the company’s stock worth $3,500,000 after purchasing an additional 280,811 shares during the last quarter. Finally, Portside Wealth Group LLC purchased a new stake in shares of OLO during the 2nd quarter worth $8,804,000. Institutional investors own 81.79% of the company’s stock.
OLO Stock Up 3.3 %
OLO stock opened at $6.00 on Tuesday. OLO has a 12-month low of $4.25 and a 12-month high of $9.12. The company has a market cap of $985.08 million, a price-to-earnings ratio of -19.35 and a beta of 1.24. The company has a 50 day moving average of $5.45 and a two-hundred day moving average of $5.76.
OLO Company Profile
Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.
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