Dynamic Technology Lab Private Ltd Sells 32,163 Shares of Olo Inc. (NYSE:OLO)

Dynamic Technology Lab Private Ltd reduced its stake in shares of Olo Inc. (NYSE:OLO) by 59.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,149 shares of the company’s stock after selling 32,163 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in OLO were worth $170,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OLO. Wells Fargo & Company MN boosted its position in shares of OLO by 112.9% during the 4th quarter. Wells Fargo & Company MN now owns 102,655 shares of the company’s stock worth $788,000 after acquiring an additional 54,427 shares in the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of OLO by 28.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 413,076 shares of the company’s stock valued at $3,172,000 after purchasing an additional 90,449 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of OLO in the 4th quarter valued at $1,582,000. Trexquant Investment LP raised its holdings in shares of OLO by 75.7% during the 4th quarter. Trexquant Investment LP now owns 485,681 shares of the company’s stock worth $3,730,000 after buying an additional 209,274 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in OLO by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,466,289 shares of the company’s stock valued at $18,945,000 after buying an additional 21,484 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on OLO. StockNews.com downgraded OLO from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Piper Sandler reissued 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 raised their target price 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 1.1 %

NYSE:OLO opened at $6.17 on Friday. The stock’s 50-day moving average is $6.54 and its 200-day moving average is $6.57. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $8.35. The stock has a market cap of $1.02 billion, a P/E ratio of -61.64 and a beta of 1.42.

OLO (NYSE:OLO) last posted its earnings results 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). The business had revenue of $76.07 million for the quarter, compared to the consensus estimate of $72.76 million. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. As a group, equities analysts forecast that Olo Inc. will post -0.03 EPS 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.