Olo Inc. (NYSE:OLO) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Olo Inc. (NYSE:OLO) by 23.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 226,078 shares of the company’s stock after acquiring an additional 42,269 shares during the period. Sei Investments Co. owned 0.14% of OLO worth $1,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of OLO by 12.3% during the 4th quarter. American Century Companies Inc. now owns 200,754 shares of the company’s stock worth $1,542,000 after purchasing an additional 21,966 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of OLO during the fourth quarter valued at about $890,000. Thrivent Financial for Lutherans purchased a new stake in shares of OLO in the 4th quarter valued at approximately $258,000. Globeflex Capital L P acquired a new position in shares of OLO in the 4th quarter worth approximately $2,552,000. Finally, Swiss National Bank increased its holdings in OLO by 5.0% in the 4th quarter. Swiss National Bank now owns 205,800 shares of the company’s stock valued at $1,581,000 after purchasing an additional 9,800 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Analyst Ratings Changes

OLO has been the subject of a number of research reports. StockNews.com cut OLO from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their target price on OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd.

OLO Stock Down 0.3 %

Shares of OLO stock opened at $5.86 on Friday. Olo Inc. has a 52-week low of $4.20 and a 52-week high of $8.35. The company has a 50 day moving average of $6.72 and a 200 day moving average of $6.53. The company has a market capitalization of $972.02 million, a P/E ratio of -58.54 and a beta of 1.42.

OLO (NYSE:OLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $76.07 million during the quarter, compared to analysts’ expectations of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. As a group, research analysts anticipate that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

OLO Company Profile

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.