Shares of Olo Inc. (NYSE:OLO - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 4,181,606 shares traded hands during trading, an increase of 75% from the previous session's volume of 2,390,805 shares.The stock last traded at $10.22 and had previously closed at $10.20.

Analyst Upgrades and Downgrades

OLO has been the topic of a number of recent research reports. Truist Financial downgraded shares of OLO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reissued a "sector perform" rating and set a $10.25 target price on shares of OLO in a research report on Monday, July 7th. Wall Street Zen cut shares of OLO from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Lake Street Capital cut shares of OLO from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Piper Sandler increased their target price on shares of OLO from $8.00 to $10.25 and gave the company a "neutral" rating in a research report on Monday, July 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $10.17.

View Our Latest Stock Analysis on OLO

OLO Price Performance

The company has a market capitalization of $1.73 billion, a PE ratio of 145.86 and a beta of 1.58. The firm's fifty day simple moving average is $9.68 and its 200 day simple moving average is $8.02.

OLO (NYSE:OLO - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). OLO had a negative net margin of 0.28% and a positive return on equity of 2.13%. The business had revenue of $85.72 million during the quarter, compared to analysts' expectations of $82.23 million. During the same period in the previous year, the company posted $0.05 earnings per share. OLO's revenue for the quarter was up 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other OLO news, CFO Peter J. Benevides sold 23,078 shares of OLO stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $8.80, for a total value of $203,086.40. Following the completion of the transaction, the chief financial officer owned 702,061 shares of the company's stock, valued at approximately $6,178,136.80. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joanna G. Lambert sold 38,614 shares of OLO stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $8.80, for a total transaction of $339,803.20. Following the completion of the sale, the chief operating officer owned 925,146 shares in the company, valued at approximately $8,141,284.80. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,630 shares of company stock valued at $925,654 in the last ninety days. Company insiders own 38.41% of the company's stock.

Institutional Trading of OLO

Several institutional investors have recently modified their holdings of OLO. Raymond James Financial Inc. acquired a new position in OLO in the 4th quarter valued at about $2,346,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in OLO by 3.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,482 shares of the company's stock valued at $457,000 after acquiring an additional 1,740 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of OLO by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 672,841 shares of the company's stock worth $5,167,000 after acquiring an additional 13,387 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of OLO by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 29,504 shares of the company's stock worth $227,000 after purchasing an additional 9,709 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in OLO by 8.0% in the fourth quarter. Northern Trust Corp now owns 1,016,295 shares of the company's stock valued at $7,805,000 after acquiring an additional 75,307 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company's stock.

OLO Company Profile

(Get Free Report)

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.

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