OLO (OLO) Scheduled to Post Earnings on Thursday

OLO (NYSE:OLO) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect OLO to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

OLO Stock Up 2.9 %

Shares of OLO stock opened at $5.30 on Wednesday. The firm has a market capitalization of $859.18 million, a P/E ratio of -35.33 and a beta of 1.26. OLO has a 52 week low of $4.20 and a 52 week high of $6.84. The firm’s 50 day moving average is $4.96 and its two-hundred day moving average is $4.82.

Insider Transactions at OLO

In related news, CRO Diego Panama sold 13,555 shares of OLO stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total value of $66,419.50. Following the transaction, the executive now directly owns 569,859 shares in the company, valued at $2,792,309.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Sherri Manning sold 9,356 shares of OLO stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total value of $45,844.40. Following the transaction, the insider now directly owns 148,414 shares in the company, valued at $727,228.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Diego Panama sold 13,555 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $4.90, for a total transaction of $66,419.50. Following the sale, the executive now directly owns 569,859 shares in the company, valued at approximately $2,792,309.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,148 shares of company stock worth $554,425. Insiders own 39.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Lake Street Capital increased their price target on shares of OLO from $8.50 to $9.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of OLO from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Piper Sandler restated an “overweight” rating and set a $8.00 target price on shares of OLO in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.67.

OLO Company Profile

Olo Inc operates an open SaaS platform for restaurants in the United States. The company’s platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands’ on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants’ direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.