OLO (NYSE:OLO) Rating Reiterated by Piper Sandler

OLO (NYSE:OLO – Get Rating)‘s stock had its “neutral” rating reaffirmed by investment analysts at Piper Sandler in a research note issued on Tuesday, Benzinga reports. They presently have a $9.00 price objective on the stock. Piper Sandler’s price target suggests a potential upside of 14.21% from the stock’s previous close.

Several other equities analysts also recently issued reports on OLO. StockNews.com upgraded shares of OLO from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. Royal Bank of Canada upped their target price on OLO from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.58.

OLO Trading Up 1.2 %

Shares of OLO stock opened at $7.88 on Tuesday. The company has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $7.66. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -28.14 and a beta of 1.21. OLO has a 12-month low of $5.74 and a 12-month high of $14.29.

Insider Transactions at OLO

In other OLO news, CFO Peter J. Benevides sold 97,805 shares of OLO stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $7.08, for a total value of $692,459.40. Following the transaction, the chief financial officer now directly owns 51,658 shares in the company, valued at approximately $365,738.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter J. Benevides sold 97,805 shares of the firm’s stock in a transaction on Monday, December 12th. The shares were sold at an average price of $7.08, for a total value of $692,459.40. Following the completion of the sale, the chief financial officer now owns 51,658 shares in the company, valued at approximately $365,738.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter J. Benevides sold 8,580 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $7.79, for a total transaction of $66,838.20. Following the transaction, the chief financial officer now owns 353,004 shares in the company, valued at $2,749,901.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,296 shares of company stock worth $964,242. Company insiders own 40.52% of the company’s stock.

Institutional Investors Weigh In On OLO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC lifted its holdings in OLO by 2.0% in the third quarter. Segall Bryant & Hamill LLC now owns 319,374 shares of the company’s stock valued at $2,524,000 after acquiring an additional 6,360 shares during the period. Pointe Capital Management LLC purchased a new position in shares of OLO in the second quarter valued at $104,000. Polen Capital Management LLC increased its position in shares of OLO by 9.2% in the third quarter. Polen Capital Management LLC now owns 842,779 shares of the company’s stock valued at $6,658,000 after buying an additional 71,016 shares in the last quarter. Versor Investments LP increased its position in shares of OLO by 49.3% in the third quarter. Versor Investments LP now owns 34,929 shares of the company’s stock valued at $276,000 after buying an additional 11,529 shares in the last quarter. Finally, Nine Ten Capital Management LLC increased its position in OLO by 39.9% during the 2nd quarter. Nine Ten Capital Management LLC now owns 5,524,900 shares of the company’s stock worth $54,531,000 after purchasing an additional 1,576,210 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

About OLO

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Olo Inc provides 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 Order Management, an on-demand digital commerce and channel management solutions that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; and Delivery Enablement, a fulfillment network, as well as a network aggregator and channel management solution, which enables restaurants to offer, manage, and expand direct delivery, as well as allows restaurants to control and syndicate menu, pricing, location data, and availability, while directly integrating and optimizing orders from third-parties into the restaurants' point-of-sale and systems.