SG Americas Securities LLC Has $382,000 Stake in Olo Inc. (NYSE:OLO)

SG Americas Securities LLC boosted its position in Olo Inc. (NYSE:OLO) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,771 shares of the company’s stock after buying an additional 7,979 shares during the period. SG Americas Securities LLC’s holdings in OLO were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OLO. SPC Financial Inc. bought a new stake in OLO in the third quarter valued at $65,000. Point72 Asset Management L.P. bought a new stake in shares of OLO during the third quarter worth about $74,000. Benjamin Edwards Inc. acquired a new stake in shares of OLO in the 3rd quarter worth about $91,000. Intech Investment Management LLC acquired a new stake in shares of OLO in the 3rd quarter worth about $100,000. Finally, FMR LLC raised its holdings in shares of OLO by 1,850.5% in the 3rd quarter. FMR LLC now owns 22,021 shares of the company’s stock worth $109,000 after acquiring an additional 20,892 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Analysts Set New Price Targets

OLO has been the topic of a number of analyst reports. StockNews.com lowered shares of OLO from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. 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 increased their price objective on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd.

OLO Stock Down 1.3 %

OLO stock opened at $7.29 on Tuesday. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35. The firm has a 50 day moving average price of $7.56 and a 200-day moving average price of $6.06. The company has a market capitalization of $1.19 billion, a P/E ratio of -72.86 and a beta of 1.42.

OLO 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.