53,000 Shares in Olo Inc. (NYSE:OLO) Bought by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC acquired a new stake in shares of Olo Inc. (NYSE:OLO) in the fourth quarter, HoldingsChannel reports. The fund acquired 53,000 shares of the company’s stock, valued at approximately $407,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tandem Financial LLC purchased a new stake in shares of OLO during the 4th quarter worth about $26,000. SPC Financial Inc. bought a new position in OLO during the third quarter valued at approximately $65,000. Point72 Asset Management L.P. bought a new position in OLO during the third quarter valued at approximately $74,000. Benjamin Edwards Inc. acquired a new stake in OLO in the third quarter valued at approximately $91,000. Finally, Marshall Wace LLP bought a new stake in OLO in the second quarter worth approximately $99,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Analysts Set New Price Targets

OLO has been the topic of a number of recent research reports. Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of OLO in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com downgraded OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th.

OLO Trading Up 0.2 %

Shares of OLO stock opened at $7.17 on Tuesday. The firm has a fifty day simple moving average of $7.56 and a 200-day simple moving average of $6.14. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -71.64 and a beta of 1.41. Olo Inc. has a 1-year low of $4.20 and a 1-year high of $8.35.

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.