US Bancorp DE Decreases Holdings in Olo Inc. (NYSE:OLO)

US Bancorp DE reduced its holdings in Olo Inc. (NYSE:OLO) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,350 shares of the company’s stock after selling 6,139 shares during the period. US Bancorp DE’s holdings in OLO were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of OLO by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after buying an additional 127,569 shares in the last quarter. Barclays PLC lifted its stake in shares of OLO by 399.3% in the third quarter. Barclays PLC now owns 190,335 shares of the company’s stock worth $943,000 after buying an additional 152,214 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of OLO in the third quarter worth about $1,600,000. XTX Topco Ltd lifted its stake in shares of OLO by 478.6% in the third quarter. XTX Topco Ltd now owns 168,577 shares of the company’s stock worth $836,000 after buying an additional 139,441 shares in the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of OLO in the fourth quarter worth about $407,000. 93.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. StockNews.com upgraded shares of OLO from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Piper Sandler restated a “neutral” rating and set a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th.

OLO Trading Up 3.2 %

OLO stock opened at $6.24 on Monday. Olo Inc. has a 12-month low of $4.20 and a 12-month high of $8.35. The stock has a market cap of $1.04 billion, a P/E ratio of -62.34 and a beta of 1.41. The company has a 50-day moving average price of $7.12 and a 200 day moving average price of $6.40.

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