Fox Run Management L.L.C. Boosts Stock Holdings in Olo Inc. (NYSE:OLO)

Fox Run Management L.L.C. raised its position in shares of Olo Inc. (NYSE:OLO) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,958 shares of the company’s stock after purchasing an additional 16,168 shares during the period. Fox Run Management L.L.C.’s holdings in OLO were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of OLO. Intech Investment Management LLC bought a new position in shares of OLO during the 3rd quarter worth $100,000. Charles Schwab Investment Management Inc. boosted its position in OLO by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after purchasing an additional 127,569 shares during the period. Algert Global LLC boosted its position in OLO by 9.6% during the third quarter. Algert Global LLC now owns 778,395 shares of the company’s stock worth $3,861,000 after purchasing an additional 68,076 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of OLO by 16.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 54,312 shares of the company’s stock valued at $269,000 after purchasing an additional 7,688 shares during the period. Finally, FMR LLC raised its position in shares of OLO by 1,850.5% in the third quarter. FMR LLC now owns 22,021 shares of the company’s stock valued at $109,000 after purchasing an additional 20,892 shares during the period. 93.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OLO shares. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research note on Wednesday, January 8th. StockNews.com cut OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada increased their price objective on OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd.

OLO Price Performance

OLO opened at $6.51 on Wednesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -65.09 and a beta of 1.41. Olo Inc. has a one year low of $4.20 and a one year high of $8.35. The company has a fifty day moving average price of $6.95 and a 200-day moving average price of $6.46.

OLO (NYSE:OLO) last announced its earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The business had revenue of $76.07 million during the quarter, compared to the consensus estimate of $72.76 million. On average, analysts expect that Olo Inc. will post -0.03 earnings per share for the current year.

OLO Company Profile

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.