AXQ Capital LP Makes New Investment in Olo Inc. (NYSE:OLO)

AXQ Capital LP bought a new stake in Olo Inc. (NYSE:OLO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,063 shares of the company’s stock, valued at approximately $131,000.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 127,569 shares in the last quarter. Barclays PLC increased its position in OLO by 399.3% during the third quarter. Barclays PLC now owns 190,335 shares of the company’s stock worth $943,000 after acquiring an additional 152,214 shares during the period. XTX Topco Ltd raised its stake in OLO by 478.6% in the 3rd quarter. XTX Topco Ltd now owns 168,577 shares of the company’s stock worth $836,000 after purchasing an additional 139,441 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in OLO in the 4th quarter valued at about $407,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of OLO during the 3rd quarter worth approximately $631,000. Institutional investors own 93.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OLO shares. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of OLO in a research note on Wednesday, January 8th. StockNews.com cut OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, Royal Bank of Canada upped their price objective on shares of OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd.

OLO Stock Performance

Shares of OLO stock opened at $6.54 on Tuesday. Olo Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $8.35. The stock’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $6.45. The company has a market cap of $1.09 billion, a PE ratio of -65.42 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 the consensus estimate of $0.07 by ($0.06). The business had revenue of $76.07 million during the quarter, compared to analyst estimates of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. On average, equities analysts predict that Olo Inc. will post -0.03 EPS for the current fiscal 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.