2 weeks Ago By Defense World Staff
Franklin Resources Inc. acquired a new stake in shares of Olo Inc. ( NYSE:OLO – Free Report ) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund acquired 10,562 shares of the company’s stock, valued at approximately $81,000. A number of other institutional investors and hedge funds have also made changes to their positions in OLO. Alliancebernstein L.
P. grew its position in OLO by 544.8% during the fourth quarter.
Alliancebernstein L.P. now owns 558,290 shares of the company’s stock valued at $4,288,000 after acquiring an additional 471,700 shares during the period.
Arrowstreet Capital Limited Partnership increased its position in OLO by 138.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,895,935 shares of the company’s stock worth $14,561,000 after purchasing an additional 1,100,307 shares in the last quarter.
Norges Bank acquired a new position in OLO during the fourth quarter valued at approximately $5,181,000. JPMorgan Chase & Co. grew its stake in OLO by 24.
7% during the fourth quarter. JPMorgan Chase & Co. now owns 696,664 shares of the company’s stock worth $5,350,000 after buying an additional 138,157 shares during the period.
Finally, Prudential Financial Inc. acquired a new stake in shares of OLO in the fourth quarter worth $2,840,000. 93.
40% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of analysts recently weighed in on the stock. StockNews.
com cut shares of OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Royal Bank of Canada raised their target price on OLO from $8.00 to $9.
00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of OLO in a report on Wednesday, January 8th.
OLO Stock Performance Shares of NYSE OLO opened at $6.05 on Friday. The firm has a market cap of $1.
00 billion, a price-to-earnings ratio of -60.44 and a beta of 1.42.
Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.
35. The stock’s 50-day simple moving average is $6.42 and its 200-day simple moving average is $6.
61. OLO ( NYSE:OLO – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.
01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06).
The business had revenue of $76.07 million for the quarter, compared to analysts’ expectations of $72.76 million.
OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%.
As a group, research analysts predict that Olo Inc. will post -0.03 EPS for the current year.
About OLO ( Free Report ) 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.
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