Jump Financial LLC Has $546,000 Stake in Olo Inc. (NYSE:OLO)

Jump Financial LLC grew its holdings in shares of Olo Inc. (NYSE:OLO) by 295.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,374 shares of the company’s stock after acquiring an additional 71,251 shares during the period. Jump Financial LLC owned 0.06% of OLO worth $546,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sherbrooke Park Advisers LLC bought a new stake in shares of OLO during the 3rd quarter valued at about $82,000. Victory Capital Management Inc. grew its position in shares of OLO by 29.7% during the 4th quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock worth $80,000 after buying an additional 3,219 shares during the period. MQS Management LLC bought a new stake in shares of OLO in the 3rd quarter valued at $86,000. Black Swift Group LLC acquired a new position in shares of OLO during the 3rd quarter valued at $91,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of OLO during the 3rd quarter valued at $131,000. 93.40% of the stock is owned by institutional investors.

Insider Activity

In related news, CRO Diego Panama sold 40,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the sale, the executive now directly owns 592,806 shares of the company’s stock, valued at approximately $2,786,188.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.12% of the company’s stock.

OLO Trading Down 2.2 %

Shares of OLO stock opened at $4.69 on Wednesday. Olo Inc. has a 12 month low of $4.25 and a 12 month high of $8.84. The firm has a market capitalization of $752.04 million, a PE ratio of -16.15 and a beta of 1.29. The firm has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $5.30.

OLO (NYSE:OLO) last posted its earnings results on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. OLO had a negative net margin of 19.35% and a negative return on equity of 1.56%. The company had revenue of $66.51 million during the quarter, compared to the consensus estimate of $64.22 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities analysts predict that Olo Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their price target on shares of OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.10.

OLO Profile

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.