Olo Inc. (NYSE:OLO) Shares Sold by PDT Partners LLC

PDT Partners LLC trimmed its position in shares of Olo Inc. (NYSE:OLO) by 16.8% during the fourth quarter, HoldingsChannel reports. The fund owned 205,716 shares of the company’s stock after selling 41,552 shares during the quarter. PDT Partners LLC’s holdings in OLO were worth $1,580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OLO. Jane Street Group LLC increased its position in OLO by 37.0% during the 3rd quarter. Jane Street Group LLC now owns 151,490 shares of the company’s stock worth $751,000 after purchasing an additional 40,943 shares during the period. Barclays PLC grew its holdings in OLO by 399.3% during the third quarter. Barclays PLC now owns 190,335 shares of the company’s stock worth $943,000 after acquiring an additional 152,214 shares during the period. Geode Capital Management LLC raised its position in OLO by 1.8% in the third quarter. Geode Capital Management LLC now owns 2,444,805 shares of the company’s stock worth $12,130,000 after acquiring an additional 42,318 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in OLO by 220.4% in the third quarter. JPMorgan Chase & Co. now owns 558,507 shares of the company’s stock valued at $2,770,000 after acquiring an additional 384,196 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of OLO by 19.1% during the 4th quarter. SG Americas Securities LLC now owns 49,771 shares of the company’s stock worth $382,000 after purchasing an additional 7,979 shares in the last quarter. 93.40% of the stock is owned by hedge funds and other institutional investors.

OLO Trading Up 0.2 %

NYSE:OLO opened at $6.33 on Wednesday. The firm has a 50-day moving average price of $6.27 and a two-hundred day moving average price of $6.68. The company has a market capitalization of $1.05 billion, a P/E ratio of -63.29 and a beta of 1.42. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $8.35.

OLO (NYSE:OLO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The company had revenue of $76.07 million for the quarter, compared to analyst estimates of $72.76 million. On average, equities research analysts predict that Olo Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on OLO shares. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of OLO in a report on Wednesday, January 8th. Finally, 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 report 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.