Insider Sale: COO of Olo Inc. (NYSE: OLO) sells 16,575 shares


Olo Inc. (NYSE: OLO) COO Matthew J. Tucker sold 16,575 shares of the company in a transaction dated Wednesday, November 3. The shares were sold at an average price of $ 27.76, for a total value of $ 460,122.00. The sale was disclosed in a file with the Securities & Exchange Commission, which is available through this link.

OLO actions traded up $ 0.01 on Friday, reaching $ 27.94. The company’s shares had a trading volume of 530,732 shares, compared to its average volume of 801,584. Olo Inc. has a 52-week low of $ 22.88 and a 52-week high of $ 49.00 . The company has a fifty-day moving average of $ 32.93 and a two-hundred-day moving average of $ 33.27.

OLO (NYSE: OLO) last released its quarterly earnings data on Tuesday, August 10. The company reported earnings per share (EPS) of $ 0.03 for the quarter, beating analyst consensus estimates of $ 0.01 by $ 0.02. The company posted revenue of $ 35.90 million in the quarter, compared to a consensus estimate of $ 34.17 million. During the same period last year, the company achieved earnings per share of $ 0.05. The company’s quarterly revenue is up 47.7% from the same quarter last year. On average, equity analysts expect Olo Inc. to post EPS of -0.06 for the current fiscal year.

Several research firms recently commented on the OLO. Royal Bank of Canada raised its target price on the OLO from $ 35 to $ 38.00 and gave the company an “outperformance” rating in a report released on Monday, August 9. Piper Sandler raised its target price on the OLO from $ 35 to $ 39 and gave the company an “overweight” rating in a report released on Wednesday, August 11. Finally, Stifel Nicolaus upgraded the OLO from a “hold” rating to a “buy” rating and increased its target price for the company from $ 27.00 to $ 41.00 in a report released on Wednesday, August 11. One investment analyst rated the stock with a conservation rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $ 36.00.

(A d)

Are you looking to retire? These 6 dividend stocks will generate regular income.

Hedge funds recently changed their holdings of equities. Benjamin F. Edwards & Company Inc. purchased a new OLO position in Q3 for a value of approximately $ 38,000. Castleview Partners LLC acquired a new stake in OLO in the second quarter valued at approximately $ 47,000. Teachers Retirement System of the State of Kentucky acquired a new stake in OLO in the first quarter valued at approximately $ 48,000. JPMorgan Chase & Co. increased its OLO position by 137.4% in the second quarter. JPMorgan Chase & Co. now owns 1,885 shares of the company valued at $ 70,000 after purchasing an additional 1,091 shares during the period. Finally, Citigroup Inc. acquired a new stake in OLO in the first quarter valued at approximately $ 106,000. 48.98% of the shares are held by institutional investors and hedge funds.

About OLO

Olo Inc provides a software as a service platform for multi-location restaurants in the United States. The company’s platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Ordering, an on-demand commerce solution that allows consumers to directly order and pay restaurants via mobile, web, kiosk, voice and other digital channels; Dispatch, an order fulfillment solution, which enables restaurants to offer, manage and extend drop-shipping; and Rails, a channel aggregation and management solution, which allows restaurants to control and syndicate menu, prices, location data and availability.

Recommended story: bar chart

Insider buys and sells by quarter for OLO (NYSE: OLO)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should we invest $ 1,000 in OLOs now?

Before you consider OLO, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and OLO was not on the list.

While the OLO currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Leave A Reply

Your email address will not be published.