OLO (NYSE:OLO) Reaches New 1-Year Low at $4.22

Olo Inc. (NYSE:OLO)’s stock price reached a new 52-week low on Monday . The company traded as low as $4.22 and last traded at $4.29, with a volume of 276491 shares changing hands. The stock had previously closed at $4.29.

OLO Stock Performance

The business’s 50-day moving average is $4.54 and its two-hundred day moving average is $5.07. The stock has a market capitalization of $681.41 million, a PE ratio of -14.64 and a beta of 1.26.

OLO (NYSE:OLO) last issued its earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $66.51 million for the quarter, compared to analyst estimates of $64.22 million. OLO had a negative net margin of 19.35% and a negative return on equity of 1.56%. The business’s revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Equities analysts forecast that Olo Inc. will post -0.08 EPS for the current year.

Insider Buying and Selling at OLO

In other news, CRO Diego Panama sold 40,000 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.70, for a total transaction of $188,000.00. Following the sale, the executive now owns 592,806 shares in the company, valued at $2,786,188.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Peter J. Benevides sold 10,259 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $4.52, for a total value of $46,370.68. Following the transaction, the chief financial officer now directly owns 424,933 shares of the company’s stock, valued at approximately $1,920,697.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Diego Panama sold 40,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the transaction, the executive now directly owns 592,806 shares in the company, valued at $2,786,188.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,686 shares of company stock worth $362,798. 39.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OLO. Diversified Trust Co grew its stake in OLO by 8.8% in the first quarter. Diversified Trust Co now owns 28,207 shares of the company’s stock worth $155,000 after purchasing an additional 2,285 shares in the last quarter. Victory Capital Management Inc. grew its stake in OLO by 29.7% in the fourth quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock worth $80,000 after purchasing an additional 3,219 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in OLO by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,636 shares of the company’s stock worth $218,000 after purchasing an additional 3,340 shares in the last quarter. Portside Wealth Group LLC grew its stake in OLO by 9.2% in the fourth quarter. Portside Wealth Group LLC now owns 41,014 shares of the company’s stock worth $235,000 after purchasing an additional 3,467 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC grew its stake in OLO by 12.7% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 31,666 shares of the company’s stock worth $181,000 after purchasing an additional 3,580 shares in the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.

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.