Olo Inc. (NYSE:OLO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Olo Inc. (NYSE:OLO) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $9.10.

Separately, Piper Sandler raised their price target on OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd.

Institutional Investors Weigh In On OLO

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLO. Charles Schwab Investment Management Inc. increased its position in shares of OLO by 190.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 821,404 shares of the company’s stock valued at $4,978,000 after purchasing an additional 538,231 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in OLO during the third quarter valued at $3,499,000. Swiss National Bank increased its position in OLO by 1.6% during the third quarter. Swiss National Bank now owns 218,200 shares of the company’s stock valued at $1,322,000 after acquiring an additional 3,500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of OLO by 4.4% in the third quarter. Vanguard Group Inc. now owns 11,849,783 shares of the company’s stock valued at $71,810,000 after acquiring an additional 495,247 shares during the period. Finally, Tudor Investment Corp Et Al lifted its holdings in shares of OLO by 81.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 414,511 shares of the company’s stock worth $2,512,000 after acquiring an additional 186,635 shares during the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

OLO Stock Performance

OLO stock opened at $5.00 on Friday. The company’s fifty day moving average price is $5.38 and its 200-day moving average price is $5.39. OLO has a one year low of $4.25 and a one year high of $8.84. The company has a market capitalization of $809.50 million, a PE ratio of -13.89 and a beta of 1.28.

OLO (NYSE:OLO) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $58.91 million. OLO had a negative net margin of 25.53% and a negative return on equity of 2.96%. OLO’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. On average, research analysts predict that OLO will post -0.1 EPS for the current fiscal year.

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.