OLO (NYSE:OLO) Releases Quarterly Earnings Results

OLO (NYSE:OLO) announced its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The business had revenue of $76.07 million for the quarter, compared to analysts’ expectations of $72.76 million. OLO updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

OLO Stock Performance

Shares of NYSE OLO opened at $6.87 on Thursday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -68.69 and a beta of 1.41. The stock has a 50 day moving average price of $7.43 and a 200 day moving average price of $6.31. OLO has a 52-week low of $4.20 and a 52-week high of $8.35.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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. 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. Finally, StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th.

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.