OLO (NYSE:OLO) Sets New 12-Month Low at $4.25

Olo Inc. (NYSE:OLO)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.25 and last traded at $4.30, with a volume of 193956 shares trading hands. The stock had previously closed at $4.42.

OLO Stock Performance

The company’s 50 day moving average price is $4.63 and its two-hundred day moving average price is $5.15.

OLO (NYSE:OLO) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. The company had revenue of $66.51 million during the quarter, compared to the consensus estimate of $64.22 million. OLO had a negative net margin of 19.35% and a negative return on equity of 1.56%. OLO’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, sell-side analysts expect that Olo Inc. will post -0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other OLO news, CRO Diego Panama sold 9,392 shares of OLO stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $4.52, for a total value of $42,451.84. Following the transaction, the executive now directly owns 583,414 shares of the company’s stock, valued at $2,637,031.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other OLO news, CFO Peter J. Benevides sold 10,259 shares of OLO stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $4.52, for a total value of $46,370.68. Following the transaction, the chief financial officer now directly owns 424,933 shares of the company’s stock, valued at $1,920,697.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Diego Panama sold 9,392 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $4.52, for a total transaction of $42,451.84. Following the sale, the executive now directly owns 583,414 shares in the company, valued at $2,637,031.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,686 shares of company stock valued at $362,798. 39.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OLO. Los Angeles Capital Management LLC grew its stake in shares of OLO by 419.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 306,100 shares of the company’s stock valued at $1,680,000 after buying an additional 247,194 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of OLO by 190.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 821,404 shares of the company’s stock valued at $4,978,000 after purchasing an additional 538,231 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in OLO by 81.9% during the 3rd quarter. Tudor Investment Corp Et Al now owns 414,511 shares of the company’s stock worth $2,512,000 after acquiring an additional 186,635 shares in the last quarter. Vanguard Group Inc. raised its stake in OLO by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 11,849,783 shares of the company’s stock worth $71,810,000 after acquiring an additional 495,247 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in OLO by 13.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,411,071 shares of the company’s stock worth $19,512,000 after acquiring an additional 416,851 shares in the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

OLO Company Profile

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.