332,267 Shares in Olo Inc. (NYSE:OLO) Acquired by Globeflex Capital L P

Globeflex Capital L P bought a new position in shares of Olo Inc. (NYSE:OLOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 332,267 shares of the company’s stock, valued at approximately $2,552,000. Globeflex Capital L P owned 0.20% of OLO as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank lifted its position in OLO by 5.0% during the 4th quarter. Swiss National Bank now owns 205,800 shares of the company’s stock worth $1,581,000 after buying an additional 9,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of OLO by 44.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,032,634 shares of the company’s stock worth $15,611,000 after purchasing an additional 622,106 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of OLO during the 4th quarter worth approximately $501,000. Amundi boosted its position in shares of OLO by 93.0% during the 4th quarter. Amundi now owns 14,740 shares of the company’s stock worth $112,000 after acquiring an additional 7,101 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of OLO during the 4th quarter worth approximately $2,346,000. Institutional investors and hedge funds own 93.40% of the company’s stock.

OLO Stock Performance

OLO stock opened at $6.24 on Friday. The firm has a market cap of $1.04 billion, a P/E ratio of -62.34 and a beta of 1.41. The firm’s fifty day moving average is $7.12 and its 200 day moving average is $6.39. Olo Inc. has a 52 week low of $4.20 and a 52 week high of $8.35.

OLO (NYSE:OLOGet Free Report) last released its quarterly earnings data 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 negative net margin of 5.89% and a positive return on equity of 0.34%. The firm had revenue of $76.07 million for the quarter, compared to the consensus estimate of $72.76 million. As a group, analysts forecast that Olo Inc. will post -0.03 EPS for the current year.

Analysts Set New Price Targets

OLO has been the subject of several research reports. StockNews.com raised shares of OLO from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler restated a “neutral” rating and issued a $8.00 target price on shares of OLO in a report on Wednesday, January 8th. Finally, Royal Bank of Canada lifted their price target on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd.

Check Out Our Latest Report on OLO

OLO Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for OLO (NYSE:OLO)

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