2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board purchased a new position in shares of Olo Inc. ( NYSE:OLO – Free Report ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,100 shares of the company’s stock, valued at approximately $168,000.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of OLO by 2.
6% during the first quarter. Vanguard Group Inc. now owns 12,739,568 shares of the company’s stock worth $69,940,000 after purchasing an additional 319,544 shares during the last quarter.
Dimensional Fund Advisors LP lifted its holdings in OLO by 13.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,411,071 shares of the company’s stock valued at $19,512,000 after buying an additional 416,851 shares in the last quarter.
Renaissance Technologies LLC boosted its position in OLO by 17.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,170,500 shares of the company’s stock valued at $5,174,000 after buying an additional 171,700 shares during the period.
Silvercrest Asset Management Group LLC grew its stake in OLO by 3.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 876,961 shares of the company’s stock worth $4,815,000 after acquiring an additional 26,919 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. increased its position in shares of OLO by 2.8% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 844,471 shares of the company’s stock worth $4,830,000 after acquiring an additional 23,067 shares during the period. 93.
40% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of brokerages recently issued reports on OLO. StockNews.
com upgraded OLO from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital raised their price target on OLO from $8.50 to $9.
00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $8.00 price objective on shares of OLO in a research note on Thursday, August 1st.
One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.67.
Insider Buying and Selling In other OLO news, insider Sherri Manning sold 9,356 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $4.90, for a total value of $45,844.
40. Following the completion of the sale, the insider now directly owns 148,414 shares in the company, valued at $727,228.60.
The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . In other news, insider Sherri Manning sold 9,356 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $4.
90, for a total transaction of $45,844.40. Following the completion of the sale, the insider now owns 148,414 shares in the company, valued at approximately $727,228.
60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Also, CFO Peter J.
Benevides sold 10,530 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $4.90, for a total value of $51,597.
00. Following the completion of the sale, the chief financial officer now directly owns 414,403 shares of the company’s stock, valued at approximately $2,030,574.70.
The disclosure for this sale can be found here . Insiders sold a total of 113,148 shares of company stock worth $554,425 in the last 90 days. 39.
33% of the stock is owned by corporate insiders. OLO Stock Up 1.0 % Shares of NYSE OLO opened at $4.
89 on Friday. Olo Inc. has a 12-month low of $4.
20 and a 12-month high of $6.84. The stock’s fifty day simple moving average is $5.
07 and its two-hundred day simple moving average is $4.88. OLO ( NYSE:OLO – Get Free Report ) last posted its earnings results on Wednesday, July 31st.
The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05.
The company had revenue of $70.50 million for the quarter, compared to analyst estimates of $67.79 million.
OLO had a negative return on equity of 0.47% and a negative net margin of 9.36%.
The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.
04) earnings per share. As a group, equities research analysts anticipate that Olo Inc. will post -0.
06 earnings per share for the current fiscal year. OLO Company Profile ( 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. Read More Want to see what other hedge funds are holding OLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olo Inc.
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