Dynamic Technology Lab Private Ltd Sells 32,163 Shares of Olo Inc. (NYSE:OLO)

Dynamic Technology Lab Private Ltd lessened its position in shares of Olo Inc. (NYSE:OLO) by 59.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,149 shares of the company’s stock after selling 32,163 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in OLO were worth $170,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tandem Financial LLC acquired a new stake in shares of OLO during the fourth quarter worth $26,000. Global Retirement Partners LLC bought a new stake in OLO during the fourth quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in OLO during the fourth quarter valued at $35,000. Franklin Resources Inc. acquired a new stake in OLO during the 4th quarter worth about $81,000. Finally, Amundi raised its position in shares of OLO by 93.0% in the 4th quarter. Amundi now owns 14,740 shares of the company’s stock worth $112,000 after acquiring an additional 7,101 shares in the last quarter. Institutional investors own 93.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on OLO. Royal Bank of Canada upped their target price on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Piper Sandler reissued a “neutral” rating and issued a $8.00 price target on shares of OLO in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

OLO Price Performance

OLO stock opened at $6.17 on Friday. The company’s 50-day moving average is $6.54 and its 200-day moving average is $6.57. The stock has a market capitalization of $1.02 billion, a PE ratio of -61.64 and a beta of 1.42. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.35.

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