Brokerages Set Olo Inc. (NYSE:OLO) Price Target at $9.10

Olo Inc. (NYSE:OLO) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.10.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BluePath Capital Management LLC bought a new position in shares of OLO in the 3rd quarter worth $32,000. Sherbrooke Park Advisers LLC acquired a new position in OLO during the 3rd quarter valued at about $82,000. Precision Wealth Strategies LLC purchased a new stake in OLO in the third quarter valued at about $82,000. Victory Capital Management Inc. raised its stake in OLO by 29.7% in the fourth quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock valued at $80,000 after buying an additional 3,219 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in OLO in the third quarter valued at about $86,000. 93.40% of the stock is owned by institutional investors.

OLO Trading Down 1.4 %

Shares of OLO stock opened at $4.84 on Friday. OLO has a twelve month low of $4.25 and a twelve month high of $8.84. The stock has a market capitalization of $783.60 million, a price-to-earnings ratio of -13.44 and a beta of 1.28. The stock has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $5.40.

OLO (NYSE:OLO) last issued its earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. OLO had a negative return on equity of 2.96% and a negative net margin of 25.53%. The business had revenue of $63.00 million during the quarter, compared to analysts’ expectations of $58.91 million. During the same period in the prior year, the business earned ($0.03) EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. Research analysts predict that OLO will post -0.1 EPS for the current fiscal 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.