1 week Ago By ABMN Staff
Legal & General Group Plc raised its position in shares of Olo Inc. ( NYSE:OLO – Free Report ) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The firm owned 113,146 shares of the company’s stock after buying an additional 19,370 shares during the quarter. Legal & General Group Plc owned about 0.07% of OLO worth $869,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in OLO. Arrowstreet Capital Limited Partnership lifted its position in OLO by 138.3% during the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 1,895,935 shares of the company’s stock valued at $14,561,000 after buying an additional 1,100,307 shares during the period. Norges Bank purchased a new position in OLO during the fourth quarter valued at $5,181,000. Connor Clark & Lunn Investment Management Ltd.
lifted its position in OLO by 44.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 2,032,634 shares of the company’s stock valued at $15,611,000 after buying an additional 622,106 shares during the period. Federated Hermes Inc. lifted its position in OLO by 6,935.
0% during the fourth quarter. Federated Hermes Inc. now owns 556,470 shares of the company’s stock valued at $4,274,000 after buying an additional 548,560 shares during the period.
Finally, Alliancebernstein L.P. lifted 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 buying an additional 471,700 shares during the period. Hedge funds and other institutional investors own 93.40% of the company’s stock.
Analyst Ratings Changes Several equities analysts have recently weighed in on the company. StockNews.com downgraded OLO from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.
Royal Bank of Canada raised 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, Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of OLO in a report on Wednesday, January 8th. OLO Stock Performance NYSE OLO opened at $6.
25 on Monday. Olo Inc. has a one year low of $4.
20 and a one year high of $8.35. The stock has a 50-day moving average of $6.
31 and a 200 day moving average of $6.67. The company has a market capitalization of $1.
04 billion, a price-to-earnings ratio of -62.49 and a beta of 1.42.
OLO ( NYSE:OLO – Get Free Report ) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.
07 by ($0.06). OLO had a positive return on equity of 0.
34% and a negative net margin of 5.89%. The business had revenue of $76.
07 million during the quarter, compared to the consensus estimate of $72.76 million. On average, equities analysts predict that Olo Inc.
will post -0.03 earnings per share for the current fiscal 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. Featured Stories Receive News & Ratings for OLO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OLO and related companies with MarketBeat.
com's FREE daily email newsletter ..
