Charles Schwab Investment Management Inc. trimmed its position in shares of Olo Inc. (NYSE:OLO - Free Report) by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 901,377 shares of the company's stock after selling 135,031 shares during the period. Charles Schwab Investment Management Inc. owned 0.54% of OLO worth $5,444,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of OLO by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 15,090,745 shares of the company's stock valued at $91,148,000 after purchasing an additional 401,364 shares during the period. Federated Hermes Inc. grew its stake in OLO by 80.2% during the first quarter. Federated Hermes Inc. now owns 1,002,785 shares of the company's stock valued at $6,057,000 after acquiring an additional 446,315 shares in the last quarter. Corton Capital Inc. purchased a new position in OLO during the first quarter valued at $66,000. HB Wealth Management LLC purchased a new position in OLO during the first quarter valued at $169,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in OLO during the first quarter valued at $93,000. 93.40% of the stock is currently owned by institutional investors.

OLO Price Performance

Shares of OLO opened at $10.24 on Thursday. Olo Inc. has a 1-year low of $4.56 and a 1-year high of $10.55. The company has a 50-day moving average of $9.91 and a 200 day moving average of $8.15. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 146.43 and a beta of 1.58.

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 the consensus estimate of $82.23 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The company's revenue for the quarter was up 21.6% compared to the same quarter last year. On average, equities analysts anticipate that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of OLO from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $10.25 target price on shares of OLO in a research note on Monday, July 7th. Lake Street Capital cut shares of OLO from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Piper Sandler lifted their price objective on shares of OLO from $8.00 to $10.25 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Finally, Truist Financial cut shares of OLO from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $10.17.

View Our Latest Report on OLO

Insider Activity at OLO

In other OLO news, Director Daniel Harris Meyer sold 6,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.20, for a total transaction of $61,200.00. Following the transaction, the director owned 125,324 shares of the company's stock, valued at approximately $1,278,304.80. The trade was a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Sherri Manning sold 5,657 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $8.80, for a total transaction of $49,781.60. Following the completion of the sale, the insider directly owned 297,926 shares of the company's stock, valued at $2,621,748.80. This represents a 1.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,630 shares of company stock worth $925,654 in the last 90 days. 38.41% of the stock is owned by insiders.

OLO Company Profile

(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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