Brevan Howard Capital Management LP Grows Holdings in Olo Inc. (NYSE:OLO)

Brevan Howard Capital Management LP raised its holdings in shares of Olo Inc. (NYSE:OLO) by 45.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,444 shares of the company’s stock after purchasing an additional 10,442 shares during the quarter. Brevan Howard Capital Management LP’s holdings in OLO were worth $257,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of OLO by 5.1% in the fourth quarter. Arizona State Retirement System now owns 30,358 shares of the company’s stock worth $233,000 after buying an additional 1,464 shares during the last quarter. Invesco Ltd. increased its position in shares of OLO by 1.9% in the 4th quarter. Invesco Ltd. now owns 121,611 shares of the company’s stock worth $934,000 after purchasing an additional 2,261 shares during the last quarter. Tandem Financial LLC acquired a new stake in shares of OLO in the 4th quarter valued at about $26,000. Global Retirement Partners LLC acquired a new stake in shares of OLO in the 4th quarter valued at about $27,000. Finally, Connors Investor Services Inc. lifted its position in shares of OLO by 13.2% during the fourth quarter. Connors Investor Services Inc. now owns 38,495 shares of the company’s stock worth $296,000 after purchasing an additional 4,495 shares during the last quarter. 93.40% of the stock is owned by institutional investors and hedge funds.

OLO Price Performance

Shares of OLO stock opened at $8.65 on Monday. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $8.93. The business’s fifty day moving average price is $6.39 and its two-hundred day moving average price is $6.83. The company has a market capitalization of $1.44 billion, a P/E ratio of -86.49 and a beta of 1.41.

OLO (NYSE:OLO) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. OLO had a negative net margin of 5.89% and a positive return on equity of 0.34%. The business had revenue of $80.68 million during the quarter, compared to the consensus estimate of $77.47 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. On average, research analysts expect that Olo Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Lake Street Capital increased their target price on OLO from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

OLO Company Profile

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.