OLO’s (OLO) Neutral Rating Reiterated at Piper Sandler

Piper Sandler restated their neutral rating on shares of OLO (NYSE:OLO) in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have a $8.00 price objective on the stock.

A number of other research analysts also recently issued reports on the company. StockNews.com downgraded OLO from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd.

OLO Price Performance

Shares of NYSE:OLO opened at $7.28 on Wednesday. The company has a market cap of $1.19 billion, a P/E ratio of -72.79 and a beta of 1.42. OLO has a 1 year low of $4.20 and a 1 year high of $8.35. The stock’s fifty day moving average price is $7.18 and its 200-day moving average price is $5.70.

Institutional Trading of OLO

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in shares of OLO by 644,200.0% during the second quarter. Federated Hermes Inc. now owns 6,443 shares of the company’s stock worth $28,000 after purchasing an additional 6,442 shares in the last quarter. Wallace Advisory Group LLC purchased a new stake in shares of OLO during the second quarter worth about $57,000. Point72 DIFC Ltd grew its position in shares of OLO by 52.7% during the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company’s stock worth $64,000 after purchasing an additional 4,964 shares in the last quarter. SPC Financial Inc. purchased a new stake in shares of OLO during the third quarter worth about $65,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of OLO during the third quarter worth about $74,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

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.