OLO (OLO) to Release Earnings on Thursday

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

OLO Price Performance

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $8.00 price objective on shares of OLO in a research note on Thursday, August 1st. Lake Street Capital upped their price objective on shares of OLO from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of OLO from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, OLO has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

Insider Transactions at OLO

In other news, CRO Diego Panama sold 13,555 shares of the company’s stock in a transaction that occurred 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 transaction, the executive now directly owns 569,859 shares in the company, valued at approximately $2,792,309.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Sherri Manning sold 9,356 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $4.90, for a total transaction of $45,844.40. Following the completion of the sale, the insider now owns 148,414 shares of the company’s stock, valued at $727,228.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Diego Panama sold 13,555 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $4.90, for a total transaction of $66,419.50. Following the sale, the executive now directly owns 569,859 shares of the company’s stock, valued at $2,792,309.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,148 shares of company stock worth $554,425. Corporate insiders own 39.33% 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.