Fox Run Management L.L.C. Boosts Stock Position in Olo Inc. (NYSE:OLO)

Fox Run Management L.L.C. grew its position in shares of Olo Inc. (NYSE:OLO) by 31.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,958 shares of the company’s stock after purchasing an additional 16,168 shares during the quarter. Fox Run Management L.L.C.’s holdings in OLO were worth $514,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Intech Investment Management LLC purchased a new stake in OLO in the third quarter worth approximately $100,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of OLO by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,017,934 shares of the company’s stock worth $5,049,000 after acquiring an additional 127,569 shares during the last quarter. Algert Global LLC boosted its stake in shares of OLO by 9.6% in the 3rd quarter. Algert Global LLC now owns 778,395 shares of the company’s stock valued at $3,861,000 after purchasing an additional 68,076 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of OLO by 16.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,312 shares of the company’s stock valued at $269,000 after purchasing an additional 7,688 shares during the last quarter. Finally, FMR LLC raised its position in OLO by 1,850.5% in the 3rd quarter. FMR LLC now owns 22,021 shares of the company’s stock worth $109,000 after purchasing an additional 20,892 shares during the period. 93.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OLO. StockNews.com cut OLO from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Royal Bank of Canada raised their price target on OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a research report on Wednesday, January 8th.

OLO Trading Down 0.6 %

Shares of NYSE:OLO opened at $6.51 on Wednesday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -65.09 and a beta of 1.41. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The company has a 50-day moving average price of $6.95 and a 200-day moving average price of $6.46.

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

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.