In yesterday’s Wall Street session, Olo Inc. (NYSE:OLO) shares traded at $7.14, up 6.25% from the previous session.
8 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 $6.83, we find $9.00. Given the previous closing price of $6.72, this indicates a potential upside of 33.93 percent. OLO stock price is now 4.87% away from the 50-day moving average and -3.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1.19B.
The stock has received a hold rating from 3 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $9.40 as their price target over the next twelve months.
With the price target maintained at $9, Piper Sandler recently Upgraded its rating from Neutral to Overweight for Olo Inc. (NYSE: OLO).
In other news, Glass Noah H., CEO sold 8,334 shares of the company’s stock on Jun 06. The stock was sold for $60,700 at an average price of $7.28. Upon completion of the transaction, the CEO now directly owns 302,546 shares in the company, valued at $2.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, Chief Financial Officer Benevides Peter J. sold 7,892 shares of the business’s stock. A total of $57,463 was realized by selling the stock at an average price of $7.28. This leaves the insider owning 374,081 shares of the company worth $2.67 million. Insiders disposed of 203,046 shares of company stock worth roughly $1.45 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 SILVERCREST ASSET MANAGEMENT GROUP LLC during the first quarter worth $3,941,000. ADVANTAGE ALPHA CAPITAL PARTNERS LP invested $2,129,000 in shares of OLO during the first quarter. In the first quarter, PANAGORA ASSET MANAGEMENT INC acquired a new stake in Olo Inc. valued at approximately $1,888,000. PREMIER FUND MANAGERS LTD acquired a new stake in OLO for approximately $745,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. purchased a new stake in OLO valued at around $518,000 in the second quarter. In total, there are 240 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 $7.05. During the past 12 months, Olo Inc. has had a low of $5.74 and a high of $14.08. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.20, and a quick ratio of 7.20. The fifty day moving average price for OLO is $6.82 and a two-hundred day moving average price translates $7.41 for the stock.
The latest earnings results from Olo Inc. (NYSE: OLO) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.03, beating analysts’ expectations of $0.01 by 0.02. This compares to -$0.07 EPS in the same period last year. The net profit margin was -24.70% and return on equity was -6.90% for OLO. The company reported revenue of $52.24 million for the quarter, compared to $42.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.18 percent. For the current quarter, analysts expect OLO to generate $53.14M in revenue.
Olo Inc.(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. 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.
