Olo Inc. (NYSE:OLO) Given Consensus Rating of “Moderate Buy” by Brokerages

Olo Inc. (NYSE:OLO) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.10.

OLO has been the subject of a number of research reports. Piper Sandler increased their target price on shares of OLO from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Lake Street Capital began coverage on shares of OLO in a report on Friday, December 15th. They set a “buy” rating and a $7.50 price target for the company.

Institutional Investors Weigh In On OLO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of OLO by 14.0% during the second quarter. Principal Financial Group Inc. now owns 11,691 shares of the company’s stock valued at $76,000 after buying an additional 1,439 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of OLO by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,655 shares of the company’s stock worth $291,000 after buying an additional 1,554 shares during the period. State of Wyoming raised its stake in shares of OLO by 41.7% in the fourth quarter. State of Wyoming now owns 5,317 shares of the company’s stock worth $33,000 after buying an additional 1,566 shares during the period. HighTower Advisors LLC raised its stake in shares of OLO by 12.3% in the first quarter. HighTower Advisors LLC now owns 16,036 shares of the company’s stock worth $213,000 after buying an additional 1,758 shares during the period. Finally, Ameritas Investment Partners Inc. raised its stake in shares of OLO by 26.7% in the second quarter. Ameritas Investment Partners Inc. now owns 8,544 shares of the company’s stock worth $55,000 after buying an additional 1,799 shares during the period. 93.40% of the stock is owned by hedge funds and other institutional investors.

OLO Stock Down 0.4 %

NYSE OLO opened at $5.24 on Wednesday. The firm’s 50 day moving average is $5.54 and its 200-day moving average is $5.53. The company has a market capitalization of $848.36 million, a PE ratio of -14.56 and a beta of 1.29. OLO has a 12-month low of $4.25 and a 12-month high of $8.84.

OLO (NYSE:OLO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. OLO had a negative net margin of 25.53% and a negative return on equity of 2.96%. The business had revenue of $63.00 million for the quarter, compared to analyst estimates of $58.91 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. As a group, sell-side analysts expect that OLO will post -0.1 EPS for the current year.

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.