Olo Inc. (NYSE: OLO) to report earnings of $ 0.02 per share

Wall Street analysts expect Olo Inc. (NYSE: OLO) to report earnings per share (EPS) of $ 0.02 for the current fiscal quarter, Zack reports. Five analysts provided earnings estimates for OLO. The company is expected to release its next quarterly results on Tuesday, February 8.

On average, analysts expect OLO to report an annual profit of $ 0.11 per share for the current year. For the next fiscal year, analysts predict the company will post earnings of $ 0.11 per share, with EPS estimates ranging from $ 0.10 to $ 0.14. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who cover OLO.

OLO (NYSE: OLO) last released its results on Tuesday, November 9. The company reported earnings per share (EPS) of $ 0.03 for the quarter, beating consensus analysts’ estimates of $ 0.02 per $ 0.01. OLO recorded a negative return on equity of 2.48% and a negative net margin of 30.84%. The company posted revenue of $ 37.39 million for the quarter, compared to a consensus estimate of $ 36.33 million.

Several research analysts recently published reports on OLO stocks. Zacks investment research downgraded OLO’s stock rating from a “keep” rating to a “sell” rating in a report released on Thursday, November 18. Stifel Nicolaus downgraded OLO’s shares from a “hold” rating to a “buy” rating and raised his target price for the share from $ 27.00 to $ 41.00 in a report released on Wednesday 11 August. Finally, Piper Sandler raised her price target on OLO shares from $ 35.00 to $ 39.00 and assigned the company an “overweight” rating in a Wednesday August 11th research report. One investment analyst rated the stock with a sell rating, another issued a conservation rating, and six issued a buy rating for the company’s stock. Based on data from MarketBeat.com, OLO currently has an average rating of “Buy” and an average price target of $ 36.00.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million in Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

Separately, insider Nithya B. Das sold 25,000 shares of the company in a transaction dated Monday, December 6. The shares were sold at an average price of $ 25.30, for a total trade of $ 632,500.00. The sale was disclosed in a legal file with the SEC, which is available at this hyperlink. Additionally, COO Matthew J. Tucker sold 16,575 shares of the company in a transaction dated Monday, December 6. The shares were sold at an average price of $ 25.44, for a total trade of $ 421,668.00. Disclosure of this sale can be found here. Insiders have sold a total of 999,128 shares of the company valued at $ 28,890,939 in the past three months.

Several hedge funds have recently changed their positions in the company. Royal Bank of Canada purchased a new stake in OLO during the 1st quarter valued at approximately $ 1,274,000. Citadel Advisors LLC acquired a new stake in OLO in the 1st quarter valued at approximately $ 9,472,000. The Kentucky State Teachers’ Pension System acquired a new stake in OLO in Quarter 1 valued at approximately $ 48,000. Principal Financial Group Inc. acquired a new stake in OLO in the 1st quarter valued at approximately $ 2,872,000. Finally, Wisconsin Capital Management LLC acquired a new stake in OLO in the 2nd quarter for a value of approximately $ 4,114,000. Institutional investors and hedge funds hold 48.98% of the company’s shares.

NYSE: OLO shares opened at $ 26.64 on Thursday. The OLO has a 12 month low of $ 22.88 and a 12 month high of $ 49.00. The company has a 50-day moving average of $ 28.18 and a 200-day moving average of $ 33.09.

OLO Company Profile

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 order directly from and pay for restaurants via mobile, web, kiosk, voice and other digital channels; Dispatch, an order fulfillment solution that 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.

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Historical and earnings estimates for OLO (NYSE: OLO)

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