Aigen Investment Management LP Buys 17,855 Shares of Olo Inc. (NYSE:OLO)

Aigen Investment Management LP boosted its stake in shares of Olo Inc. (NYSE:OLO) by 66.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,526 shares of the company’s stock after acquiring an additional 17,855 shares during the quarter. Aigen Investment Management LP’s holdings in OLO were worth $342,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of OLO by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,036,408 shares of the company’s stock valued at $7,960,000 after buying an additional 18,474 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of OLO during the fourth quarter valued at approximately $35,000. Global Retirement Partners LLC purchased a new position in shares of OLO during the fourth quarter valued at approximately $27,000. D.A. Davidson & CO. purchased a new position in shares of OLO during the fourth quarter valued at approximately $1,044,000. Finally, Principal Financial Group Inc. purchased a new position in shares of OLO during the fourth quarter valued at approximately $751,000. 93.40% of the stock is owned by institutional investors.

OLO Stock Performance

Shares of NYSE OLO opened at $6.44 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -64.34 and a beta of 1.41. The stock has a 50 day moving average price of $7.29 and a 200 day moving average price of $6.37. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $8.35.

OLO (NYSE:OLO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $76.07 million during the quarter, compared to analysts’ expectations of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. Analysts forecast that Olo Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OLO shares. StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler restated a “neutral” rating and set a $8.00 target price on shares of OLO in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, January 3rd.

OLO Company Profile

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.