Barclays PLC Purchases 152,214 Shares of Olo Inc. (NYSE:OLO)

Barclays PLC grew its position in shares of Olo Inc. (NYSE:OLO) by 399.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,335 shares of the company’s stock after buying an additional 152,214 shares during the quarter. Barclays PLC owned 0.12% of OLO worth $943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in OLO. The Manufacturers Life Insurance Company lifted its holdings in OLO by 6.1% in the second quarter. The Manufacturers Life Insurance Company now owns 42,023 shares of the company’s stock valued at $186,000 after acquiring an additional 2,433 shares during the period. MQS Management LLC increased its position in shares of OLO by 15.9% during the 3rd quarter. MQS Management LLC now owns 28,363 shares of the company’s stock valued at $141,000 after purchasing an additional 3,898 shares during the last quarter. Creative Planning lifted its stake in shares of OLO by 15.1% in the 3rd quarter. Creative Planning now owns 30,371 shares of the company’s stock worth $151,000 after purchasing an additional 3,974 shares during the period. Point72 DIFC Ltd boosted its holdings in shares of OLO by 52.7% in the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company’s stock worth $64,000 after buying an additional 4,964 shares during the last quarter. Finally, Rhumbline Advisers grew its position in OLO by 3.3% during the second quarter. Rhumbline Advisers now owns 153,760 shares of the company’s stock valued at $680,000 after buying an additional 4,979 shares during the period. Institutional investors own 93.40% of the company’s stock.

Analyst Upgrades and Downgrades

OLO has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reissued a “neutral” rating and issued a $8.00 target price on shares of OLO in a report on Wednesday, January 8th. Finally, StockNews.com cut shares of OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

OLO Stock Up 4.2 %

Shares of NYSE:OLO opened at $7.51 on Wednesday. The firm has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $5.76. Olo Inc. has a 52 week low of $4.20 and a 52 week high of $8.35. The stock has a market capitalization of $1.23 billion, a P/E ratio of -75.09 and a beta of 1.42.

About OLO

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.