OLO (NYSE:OLO) Announces Quarterly Earnings Results

OLO (NYSE:OLO) issued its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. OLO updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

OLO Trading Down 1.3 %

Shares of OLO stock traded down $0.09 on Tuesday, hitting $6.59. 1,535,073 shares of the company traded hands, compared to its average volume of 1,208,007. The company has a market cap of $1.08 billion, a P/E ratio of -65.84 and a beta of 1.41. OLO has a 12-month low of $4.20 and a 12-month high of $8.35. The firm’s 50-day simple moving average is $7.48 and its 200 day simple moving average is $6.29.

Analyst Ratings Changes

A number of research firms recently issued reports on OLO. Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective on shares of OLO in a report on Wednesday, January 8th. StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada upped their price objective 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.

OLO Company Profile

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.