Olo Inc. (NYSE:OLO) Stake Boosted by Swiss National Bank

Swiss National Bank increased its position in shares of Olo Inc. (NYSE:OLO) by 5.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 205,800 shares of the company’s stock after buying an additional 9,800 shares during the quarter. Swiss National Bank’s holdings in OLO were worth $1,581,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in OLO by 5.1% in the 4th quarter. Arizona State Retirement System now owns 30,358 shares of the company’s stock worth $233,000 after purchasing an additional 1,464 shares during the last quarter. Tandem Financial LLC acquired a new position in OLO in the fourth quarter worth approximately $26,000. Global Retirement Partners LLC acquired a new stake in OLO in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new stake in OLO in the fourth quarter worth approximately $35,000. Finally, Amundi increased its stake in shares of OLO by 93.0% during the 4th quarter. Amundi now owns 14,740 shares of the company’s stock worth $112,000 after purchasing an additional 7,101 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

Wall Street Analyst Weigh In

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

OLO Trading Down 4.0 %

NYSE OLO opened at $6.17 on Friday. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.35. The company has a fifty day simple moving average of $6.87 and a 200 day simple moving average of $6.47. The company has a market cap of $1.02 billion, a P/E ratio of -61.64 and a beta of 1.41.

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