Olo Inc. (NYSE:OLO) Receives Average Recommendation of “Moderate Buy” from Analysts

Olo Inc. (NYSE:OLOGet Free Report) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.90.

OLO has been the topic of several recent research reports. William Blair lowered shares of OLO from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Piper Sandler lowered their target price on OLO from $10.00 to $7.00 and set an “overweight” rating on the stock in a report on Tuesday, November 7th. Lake Street Capital started coverage on OLO in a research report on Friday, December 15th. They issued a “buy” rating and a $7.50 target price on the stock. Finally, Royal Bank of Canada dropped their price target on shares of OLO from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th.

Check Out Our Latest Analysis on OLO

Insider Activity

In other OLO news, CEO Noah H. Glass sold 8,338 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were 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 approximately $1,649,340.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CRO Diego Panama sold 13,293 shares of the business’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 sale, the executive now directly owns 581,869 shares in the company, valued at approximately $3,363,202.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Noah H. Glass sold 8,338 shares of OLO stock in a transaction that occurred on 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 in the company, valued at $1,649,340.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,977 shares of company stock valued at $219,523. Company insiders own 39.12% of the company’s stock.

Institutional Trading of OLO

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC acquired a new position in OLO during the 4th quarter valued at $29,000. BluePath Capital Management LLC acquired a new position in OLO during the 3rd quarter valued at $32,000. State of Wyoming raised its stake in OLO by 41.7% during the 4th quarter. State of Wyoming now owns 5,317 shares of the company’s stock valued at $33,000 after purchasing an additional 1,566 shares during the last quarter. Clear Street Markets LLC acquired a new position in OLO during the 4th quarter valued at $40,000. Finally, Dark Forest Capital Management LP raised its stake in OLO by 485.3% during the 1st quarter. Dark Forest Capital Management LP now owns 5,508 shares of the company’s stock valued at $45,000 after purchasing an additional 4,567 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

OLO Stock Performance

NYSE:OLO opened at $6.00 on Tuesday. OLO has a one year low of $4.25 and a one year high of $9.12. The firm has a market cap of $985.08 million, a price-to-earnings ratio of -19.35 and a beta of 1.24. The firm’s fifty day moving average is $5.45 and its two-hundred day moving average is $5.76.

OLO Company Profile

(Get Free Report

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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Analyst Recommendations for OLO (NYSE:OLO)

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