Olo Inc. (NYSE:OLO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Olo Inc. (NYSE:OLO) by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,850 shares of the company’s stock after selling 101,450 shares during the period. Los Angeles Capital Management LLC owned about 0.09% of OLO worth $1,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Geode Capital Management LLC grew its stake in shares of OLO by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,444,805 shares of the company’s stock worth $12,130,000 after acquiring an additional 42,318 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of OLO by 52.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,528 shares of the company’s stock valued at $6,996,000 after purchasing an additional 487,919 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of OLO by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock valued at $5,049,000 after purchasing an additional 127,569 shares during the last quarter. Algert Global LLC increased its position in shares of OLO by 9.6% in the 3rd quarter. Algert Global LLC now owns 778,395 shares of the company’s stock valued at $3,861,000 after purchasing an additional 68,076 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of OLO by 220.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company’s stock valued at $2,770,000 after purchasing an additional 384,196 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OLO shares. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler reissued a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research report 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 report on Friday, January 3rd.

OLO Trading Up 2.4 %

OLO stock opened at $6.88 on Friday. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35. The company’s 50 day moving average is $7.40 and its two-hundred day moving average is $6.33. The stock has a market cap of $1.13 billion, a P/E ratio of -68.82 and a beta of 1.41.

OLO (NYSE:OLO) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $76.07 million for the quarter, compared to analyst estimates of $72.76 million. On average, equities research analysts predict that Olo Inc. will post -0.03 earnings per share for the current year.

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.