OLO (OLO) to Release Earnings on Thursday

OLO (NYSE:OLO) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect OLO to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

OLO Stock Performance

Shares of NYSE OLO opened at $5.15 on Tuesday. OLO has a 52-week low of $4.20 and a 52-week high of $6.84. The company’s 50 day moving average price is $4.96 and its 200-day moving average price is $4.82.

Insider Buying and Selling at OLO

In other OLO news, CRO Diego Panama sold 13,555 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total transaction of $66,419.50. Following the completion of the sale, the executive now owns 569,859 shares in the company, valued at approximately $2,792,309.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other OLO news, CRO Diego Panama sold 13,555 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total transaction of $66,419.50. Following the completion of the sale, the executive now owns 569,859 shares in the company, valued at approximately $2,792,309.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joanna G. Lambert sold 67,403 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $4.90, for a total transaction of $330,274.70. Following the completion of the sale, the chief operating officer now owns 591,646 shares of the company’s stock, valued at approximately $2,899,065.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,148 shares of company stock worth $554,425. 39.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on OLO. StockNews.com upgraded shares of OLO from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital boosted their target price on shares of OLO from $8.50 to $9.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $8.00 target price on shares of OLO in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.67.

About OLO

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.