Olo Inc. (NYSE:OLO) CRO Sells $66,419.50 in Stock

Olo Inc. (NYSE:OLO) CRO Diego Panama sold 13,555 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $4.90, for a total value of $66,419.50. Following the transaction, the executive now owns 569,859 shares in the company, valued at $2,792,309.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

OLO Trading Up 0.7 %

Shares of NYSE:OLO opened at $4.73 on Friday. Olo Inc. has a 12-month low of $4.20 and a 12-month high of $6.84. The business’s fifty day simple moving average is $4.98 and its 200-day simple moving average is $4.95.

OLO (NYSE:OLO) last posted its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $70.50 million for the quarter, compared to analyst estimates of $67.79 million. OLO had a negative return on equity of 0.47% and a negative net margin of 9.36%. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. As a group, equities analysts anticipate that Olo Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OLO. Piper Sandler reissued an “overweight” rating and set a $8.00 price target on shares of OLO in a research report on Thursday, August 1st. StockNews.com upgraded shares of OLO from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Lake Street Capital boosted their price target on shares of OLO from $8.50 to $9.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings 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 during the last quarter. Private Advisor Group LLC boosted its position in shares of OLO by 109.9% in the 4th quarter. Private Advisor Group LLC now owns 60,206 shares of the company’s stock worth $344,000 after purchasing an additional 31,518 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in OLO by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 844,471 shares of the company’s stock worth $4,830,000 after buying an additional 23,067 shares during the last quarter. Jump Financial LLC increased its position in OLO by 295.4% during the 4th quarter. Jump Financial LLC now owns 95,374 shares of the company’s stock valued at $546,000 after buying an additional 71,251 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in OLO by 13.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,411,071 shares of the company’s stock valued at $19,512,000 after buying an additional 416,851 shares during the last quarter. Institutional investors own 93.40% of the company’s stock.

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.