OLO’s (OLO) “Neutral” Rating Reaffirmed at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of OLO (NYSE:OLO) in a research report released on Wednesday morning, MarketBeat Ratings reports. Piper Sandler currently has a $8.00 target price on the stock.

OLO has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. StockNews.com cut shares of OLO from a “buy” rating to a “hold” rating in a research report on Tuesday, December 10th.

OLO Trading Down 2.8 %

Shares of OLO stock opened at $7.63 on Wednesday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -76.29 and a beta of 1.42. The firm’s 50 day moving average is $7.09 and its 200-day moving average is $5.66. OLO has a 1 year low of $4.20 and a 1 year high of $8.35.

Institutional Trading of OLO

A number of institutional investors have recently made changes to their positions in OLO. Federated Hermes Inc. increased its stake in OLO by 644,200.0% in the 2nd quarter. Federated Hermes Inc. now owns 6,443 shares of the company’s stock valued at $28,000 after buying an additional 6,442 shares during the last quarter. Wallace Advisory Group LLC bought a new position in shares of OLO in the 2nd quarter valued at about $57,000. Point72 DIFC Ltd increased its position in shares of OLO by 52.7% in the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company’s stock valued at $64,000 after acquiring an additional 4,964 shares during the last quarter. SPC Financial Inc. bought a new stake in OLO during the third quarter worth about $65,000. Finally, Point72 Asset Management L.P. acquired a new position in OLO during the third quarter valued at approximately $74,000. Institutional investors own 93.40% of the company’s stock.

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.