In yesterday’s Wall Street session, Olo Inc. (NYSE:OLO) shares traded at $6.18, up 6.55% from the previous session.
7 analysts cover Olo Inc. (NYSE:OLO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $8.50, we find $9.50. Given the previous closing price of $5.80, this indicates a potential upside of 63.79 percent. OLO stock price is now -17.72% away from the 50-day moving average and -35.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
The stock has received a hold rating from 3 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $9.92 as their price target over the next twelve months.
With the price target of $8.50, Goldman recently initiated with Neutral rating for Olo Inc. (NYSE: OLO). On August 12, 2022, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $12 to quote $9, while ‘Piper Sandler’ rates the stock as ‘Neutral’.
In other news, Benevides Peter J., Chief Financial Officer sold 37,195 shares of the company’s stock on Dec 13. The stock was sold for $272,639 at an average price of $7.33. Upon completion of the transaction, the Chief Financial Officer now directly owns 14,463 shares in the company, valued at $89381.34. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, Chief Financial Officer Benevides Peter J. sold 97,805 shares of the business’s stock. A total of $692,459 was realized by selling the stock at an average price of $7.08. This leaves the insider owning 51,658 shares of the company worth $0.32 million. Insiders disposed of 891,274 shares of company stock worth roughly $5.51 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OLO stock. A new stake in Olo Inc. shares was purchased by ARDEVORA ASSET MANAGEMENT LLP during the first quarter worth $8,567,000. NORTH RUN CAPITAL, LP invested $1,248,000 in shares of OLO during the first quarter. In the first quarter, WHETSTONE CAPITAL ADVISORS, LLC acquired a new stake in Olo Inc. valued at approximately $1,090,000. EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in OLO for approximately $1,036,000. OWLS NEST PARTNERS IA, LLC purchased a new stake in OLO valued at around $927,000 in the second quarter. In total, there are 227 active investors with 92.10% ownership of the company’s stock.
On Thursday morning Olo Inc. (NYSE: OLO) stock kicked off with the opening price of $5.85. During the past 12 months, Olo Inc. has had a low of $5.74 and a high of $21.74. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 9.70, and a quick ratio of 9.70. The fifty day moving average price for OLO is $7.51 and a two-hundred day moving average price translates $9.60 for the stock.
The latest earnings results from Olo Inc. (NYSE: OLO) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.01, beating analysts’ expectations of $0 by 0.01. This compares to -$0.08 EPS in the same period last year. The net profit margin was -22.70% and return on equity was -5.60% for OLO. The company reported revenue of $47.27 million for the quarter, compared to $37.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.41 percent. For the current quarter, analysts expect OLO to generate $46.6M in revenue.
Olo Inc.(OLO) Company Profile
Olo Inc. provides software-as-a-service platform for multi-location restaurants in the United States. The company’s platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Order Management, an on-demand digital commerce and channel management solutions that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; and Delivery Enablement, a fulfillment network, as well as a network aggregator and channel management solution, which enables restaurants to offer, manage, and expand direct delivery, as well as allows restaurants to control and syndicate menu, pricing, location data, and availability, while directly integrating and optimizing orders from third-parties into the restaurants’ point-of-sale and systems. The company also provides Customer Engagement solution, a suite of restaurant-centric marketing and sentiment solutions that enables restaurants to collect, analyze, and act on guest data; Front-of-House solution, which enables restaurants to streamline the queue orders from multiple sales channels; and Payment solution, a payment platform that offers fraud prevention that results in enhanced authorization rates for valid transactions. The company was formerly known as Mobo Systems, Inc. and changed its name to Olo Inc. in January 2020. Olo Inc. was incorporated in 2005 and is headquartered in New York, New York.