OLO (OLO) Scheduled to Post Quarterly Earnings on Thursday

OLO (NYSE:OLO) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

OLO (NYSE:OLO) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. OLO had a negative net margin of 9.36% and a negative return on equity of 0.47%. The company had revenue of $70.50 million during the quarter, compared to analyst estimates of $67.79 million. During the same quarter last year, the business posted ($0.04) EPS. OLO’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, analysts expect OLO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OLO Stock Down 2.0 %

Shares of OLO stock opened at $5.02 on Thursday. The company has a 50 day moving average of $4.98 and a 200-day moving average of $4.82. OLO has a 12-month low of $4.20 and a 12-month high of $6.84. The firm has a market cap of $813.77 million, a P/E ratio of -33.47 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OLO shares. StockNews.com raised shares of OLO from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital raised their price objective on shares of OLO from $8.50 to $9.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of OLO in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

Insider Buying and Selling at OLO

In other OLO news, CRO Diego Panama sold 13,555 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total value of $66,419.50. Following the completion of the transaction, the executive now directly owns 569,859 shares of the company’s stock, valued at $2,792,309.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other OLO news, COO Joanna G. Lambert sold 67,403 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total value of $330,274.70. Following the completion of the transaction, the chief operating officer now directly owns 591,646 shares of the company’s stock, valued at $2,899,065.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Diego Panama sold 13,555 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total transaction of $66,419.50. Following the sale, the executive now owns 569,859 shares in the company, valued at approximately $2,792,309.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,148 shares of company stock valued at $554,425 in the last three months. Company insiders own 39.33% of the company’s stock.

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.