Olo Inc. (NYSE:OLO) Receives $9.10 Consensus PT from Brokerages

Shares of Olo Inc. (NYSE:OLO) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $9.10.

Separately, Piper Sandler upped their price target on OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd.

Hedge Funds Weigh In On OLO

Several institutional investors and hedge funds have recently modified their holdings of the business. BluePath Capital Management LLC acquired a new position in OLO during the 3rd quarter worth approximately $32,000. Sherbrooke Park Advisers LLC acquired a new position in OLO during the 3rd quarter worth approximately $82,000. Precision Wealth Strategies LLC acquired a new position in OLO during the 3rd quarter worth approximately $82,000. Victory Capital Management Inc. boosted its position in OLO by 29.7% during the 4th quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock worth $80,000 after acquiring an additional 3,219 shares during the last quarter. Finally, MQS Management LLC acquired a new position in OLO during the 3rd quarter worth approximately $86,000. 93.40% of the stock is currently owned by institutional investors and hedge funds.

OLO Price Performance

Shares of OLO stock opened at $4.92 on Friday. The stock has a market cap of $795.74 million, a PE ratio of -13.65 and a beta of 1.28. The stock has a 50-day moving average of $5.44 and a 200-day moving average of $5.41. OLO has a one year low of $4.25 and a one year high of $8.84.

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

About OLO

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.