Olo Inc. (NYSE:OLO) insider Nithya B. Das sold 18,870 shares of OLO stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $25.67, for a total transaction of $484,392.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE OLO opened at $25.45 on Thursday. The firm’s fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $33.23. Olo Inc. has a 12-month low of $22.88 and a 12-month high of $49.00.
OLO (NYSE:OLO) last released its quarterly earnings results on Tuesday, November 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. OLO had a negative net margin of 30.84% and a negative return on equity of 2.48%. The business had revenue of $37.39 million for the quarter, compared to analyst estimates of $36.33 million. Sell-side analysts anticipate that Olo Inc. will post -0.06 EPS for the current year.
Several equities analysts recently issued reports on OLO shares. Royal Bank of Canada lifted their price objective on shares of OLO from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Piper Sandler lifted their price objective on shares of OLO from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, August 11th. Zacks Investment Research lowered shares of OLO from a “hold” rating to a “sell” rating in a report on Thursday, November 18th. Finally, Stifel Nicolaus raised shares of OLO from a “hold” rating to a “buy” rating and lifted their price objective for the company from $27.00 to $41.00 in a report on Wednesday, August 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, OLO has a consensus rating of “Buy” and a consensus price target of $36.00.
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 Ordering, an on-demand commerce solution that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; Dispatch, a fulfillment solution, which enables restaurants to offer, manage, and expand direct delivery; and Rails, an aggregator and channel management solution, which allows restaurants to control and syndicate menu, pricing, location data, and availability.
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