Olo Inc. (NYSE:OLO) Shares Purchased by Swiss National Bank

Swiss National Bank lifted its stake in Olo Inc. (NYSE:OLO) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,800 shares of the company’s stock after acquiring an additional 9,800 shares during the period. Swiss National Bank owned 0.13% of OLO worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Arizona State Retirement System lifted its position in OLO by 5.1% in the fourth quarter. Arizona State Retirement System now owns 30,358 shares of the company’s stock worth $233,000 after purchasing an additional 1,464 shares during the period. Tandem Financial LLC bought a new stake in shares of OLO in the 4th quarter worth $26,000. Global Retirement Partners LLC acquired a new stake in shares of OLO in the fourth quarter valued at $27,000. SBI Securities Co. Ltd. acquired a new position in OLO during the fourth quarter worth about $35,000. Finally, Amundi raised its position in OLO by 93.0% in the fourth quarter. Amundi now owns 14,740 shares of the company’s stock worth $112,000 after acquiring an additional 7,101 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors.

OLO Price Performance

Shares of OLO opened at $6.17 on Friday. The company has a 50-day moving average of $6.87 and a two-hundred day moving average of $6.47. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -61.64 and a beta of 1.41. Olo Inc. has a one year low of $4.20 and a one year high of $8.35.

OLO (NYSE:OLO) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm 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%. Analysts anticipate that Olo Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OLO shares. Royal Bank of Canada raised their price objective on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th. Finally, StockNews.com cut OLO from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

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.