AXQ Capital LP Purchases Shares of 17,063 Olo Inc. (NYSE:OLO)

AXQ Capital LP purchased a new position in shares of Olo Inc. (NYSE:OLO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,063 shares of the company’s stock, valued at approximately $131,000.

Several other institutional investors also recently modified their holdings of OLO. Charles Schwab Investment Management Inc. raised its position in OLO by 14.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after purchasing an additional 127,569 shares during the last quarter. Barclays PLC raised its position in shares of OLO by 399.3% during the third quarter. Barclays PLC now owns 190,335 shares of the company’s stock worth $943,000 after acquiring an additional 152,214 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of OLO by 478.6% in the third quarter. XTX Topco Ltd now owns 168,577 shares of the company’s stock worth $836,000 after acquiring an additional 139,441 shares during the period. Moloney Securities Asset Management LLC bought a new stake in OLO in the fourth quarter valued at approximately $407,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in OLO during the 3rd quarter valued at approximately $631,000. Institutional investors own 93.40% of the company’s stock.

Analysts Set New Price Targets

OLO has been the topic of a number of recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of OLO in a research report on Wednesday, January 8th. Royal Bank of Canada upped their price target on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

OLO Stock Up 1.6 %

NYSE:OLO opened at $6.54 on Tuesday. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35. The company has a fifty day moving average of $6.97 and a 200-day moving average of $6.45. The firm has a market capitalization of $1.09 billion, a P/E ratio of -65.42 and a beta of 1.41.

OLO (NYSE:OLO) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $76.07 million for the quarter, compared to analyst estimates of $72.76 million. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. On average, analysts anticipate that Olo Inc. will post -0.03 EPS for the current fiscal year.

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.