OLO (NYSE:OLO) Announces Earnings Results, Misses Estimates By $0.06 EPS

OLO (NYSE:OLO) issued its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. OLO updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

OLO Trading Down 1.3 %

Shares of OLO traded down $0.09 during midday trading on Tuesday, hitting $6.59. The stock had a trading volume of 1,535,073 shares, compared to its average volume of 1,208,007. OLO has a fifty-two week low of $4.20 and a fifty-two week high of $8.35. The business has a 50-day simple moving average of $7.48 and a two-hundred day simple moving average of $6.29. The firm has a market cap of $1.08 billion, a P/E ratio of -65.84 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OLO shares. Royal Bank of Canada boosted their target price on shares of OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of OLO in a report on Wednesday, January 8th. Finally, StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

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.