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:OLO) 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:OLO) 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.

OLO 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.