OLO (NYSE:OLO) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

OLO (NYSE:OLO) announced its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. OLO updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

OLO Stock Down 1.3 %

OLO stock traded down $0.09 during mid-day trading on Tuesday, hitting $6.59. 1,535,073 shares of the company were exchanged, compared to its average volume of 1,208,007. OLO has a 1-year low of $4.20 and a 1-year high of $8.35. The business has a fifty day moving average of $7.48 and a 200 day moving average of $6.29. The company has a market capitalization of $1.08 billion, a PE ratio of -65.84 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Piper Sandler restated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd.

About OLO

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.