Olo Inc. (NYSE:OLO) Forecasted to Earn FY2025 Earnings of ($0.12) Per Share

Olo Inc. (NYSE:OLOFree Report) – Analysts at William Blair issued their FY2025 EPS estimates for OLO in a research note issued on Wednesday, February 21st. William Blair analyst S. Sheldon expects that the company will post earnings of ($0.12) per share for the year. William Blair has a “Market Perform” rating on the stock. The consensus estimate for OLO’s current full-year earnings is ($0.13) per share.

OLO (NYSE:OLOGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $63.00 million for the quarter, compared to analysts’ expectations of $58.91 million. OLO had a negative net margin of 25.53% and a negative return on equity of 2.96%. The business’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) earnings per share.

Several other analysts have also commented on the stock. Piper Sandler increased their price target on shares of OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Royal Bank of Canada reduced their price target on shares of OLO from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, November 7th. Finally, Lake Street Capital began coverage on shares of OLO in a research report on Friday, December 15th. They set a “buy” rating and a $7.50 price target for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.10.

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OLO Price Performance

Shares of OLO stock opened at $6.01 on Monday. OLO has a 1 year low of $4.25 and a 1 year high of $8.84. The firm’s 50-day moving average is $5.47 and its two-hundred day moving average is $5.66. The stock has a market cap of $986.72 million, a price-to-earnings ratio of -16.69 and a beta of 1.24.

Insider Buying and Selling at OLO

In related news, CEO Noah H. Glass sold 8,338 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $5.78, for a total value of $48,193.64. Following the sale, the chief executive officer now directly owns 285,353 shares in the company, valued at approximately $1,649,340.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Noah H. Glass sold 8,338 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $5.78, for a total transaction of $48,193.64. Following the completion of the transaction, the chief executive officer now directly owns 285,353 shares of the company’s stock, valued at $1,649,340.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Diego Panama sold 13,293 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.78, for a total value of $76,833.54. Following the completion of the transaction, the executive now directly owns 581,869 shares of the company’s stock, valued at $3,363,202.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,977 shares of company stock worth $219,523. Corporate insiders own 39.12% of the company’s stock.

Institutional Investors Weigh In On OLO

Large investors have recently modified their holdings of the stock. Brown Capital Management LLC grew its holdings in OLO by 9.0% during the second quarter. Brown Capital Management LLC now owns 16,227,945 shares of the company’s stock worth $104,833,000 after acquiring an additional 1,335,223 shares during the period. Vanguard Group Inc. grew its holdings in OLO by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 12,420,024 shares of the company’s stock valued at $71,043,000 after purchasing an additional 570,241 shares during the last quarter. Wellington Management Group LLP grew its holdings in OLO by 25.9% in the first quarter. Wellington Management Group LLP now owns 9,600,149 shares of the company’s stock valued at $127,203,000 after purchasing an additional 1,975,221 shares during the last quarter. BlackRock Inc. grew its holdings in OLO by 12.3% in the second quarter. BlackRock Inc. now owns 7,416,823 shares of the company’s stock valued at $47,913,000 after purchasing an additional 815,055 shares during the last quarter. Finally, FIL Ltd acquired a new stake in shares of OLO during the fourth quarter valued at $24,719,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

About OLO

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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.

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