Barclays PLC Raises Stock Holdings in Olo Inc. (NYSE:OLO)

Barclays PLC lifted its holdings in shares of Olo Inc. (NYSE:OLO) by 399.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,335 shares of the company’s stock after purchasing an additional 152,214 shares during the quarter. Barclays PLC’s holdings in OLO were worth $943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of OLO by 52.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,410,528 shares of the company’s stock worth $6,996,000 after purchasing an additional 487,919 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of OLO by 17.2% during the second quarter. Renaissance Technologies LLC now owns 1,170,500 shares of the company’s stock worth $5,174,000 after purchasing an additional 171,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of OLO by 14.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after purchasing an additional 127,569 shares in the last quarter. Millennium Management LLC grew its holdings in shares of OLO by 24.3% during the second quarter. Millennium Management LLC now owns 996,486 shares of the company’s stock worth $4,404,000 after purchasing an additional 194,735 shares in the last quarter. Finally, Algert Global LLC grew its holdings in shares of OLO by 9.6% during the third quarter. Algert Global LLC now owns 778,395 shares of the company’s stock worth $3,861,000 after purchasing an additional 68,076 shares in the last quarter. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

OLO Price Performance

Shares of OLO opened at $7.70 on Tuesday. The firm has a market cap of $1.26 billion, a P/E ratio of -76.99 and a beta of 1.46. The stock has a 50 day simple moving average of $6.65 and a two-hundred day simple moving average of $5.48. Olo Inc. has a 1 year low of $4.20 and a 1 year high of $8.18.

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.