The research analysts at StockNews.com’s research department assumed coverage of OLO in a research note distributed to investors on Thursday (NYSE: OLO).
The company recommended to its shareholders that they “keep” the stock in their investment collections.
NYSE: OLO began trading for $7.51 on Thursday when the market opened.
The moving average price of the share of stock over the previous fifty days is $7.75, and the moving average price of the share over the previous two hundred days is $7.65.
During this period, OLO experienced a one-year low of $5.74 and a one-year high of $14.29 in price.
The company has a price-to-earnings ratio of -26.82, and the stock has a beta value of 1.21.
Both of these values are negative.
The current price of the stock on the market is equivalent to $1.21 billion.
Several different research projects have focused on OLO as the subject of their investigations. OLO stock was given an “outperform” rating by the Royal Bank of Canada in a report released on Thursday, February 23.
The Royal Bank of Canada also raised its price objective on company shares from $9.00 to $10.00, reflecting their belief that the stock will continue to perform well.
Piper Sandler maintained a “neutral” rating on shares of OLO and set a price objective of $9.00 for the stock in a report published on Tuesday, March 7.
Piper Sandler also set a price target of $9.00 for the stock.
Three equity research analysts have provided the company with a recommendation to buy, while the other four have rated “hold.” The company has been given a rating of “Hold” by the analysts working for Bloomberg, and their price target for the company’s stock is currently set at $11.58.
On February 28, Chief Operating Officer Diego Panama sold 11,826 shares of the company’s stock, which brings us to another piece of relevant information regarding this matter. Given that the shares were sold at an average price of $8.04 each, the total value of the transaction amounted to $95,081.04, taking into account the weighted average price. Currently, the executive is the sole owner of 680,606 shares of company stock, which together have a market value of approximately $5,472,072.24.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
A further note is that on March 6, Peter J.
Benevides, Chief Financial Officer of OLO, sold 8,580 shares of the company’s stock.
There was a total transaction of 66,838.20 dollars’ worth of stock, with each share selling for an average of $7.79.
After the completion of the transaction, the chief financial officer will no longer be the owner of 353,004 shares in the company.
This change will take effect immediately. When the valuation was performed, these shares had a value of approximately $2,749,901.16.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
Additionally, on February 28, Chief Operating Officer Diego Panama sold 11,826 shares of the company’s stock. Given that the shares were sold at an average price of $8.04 each, the total value of the transaction amounted to $95,081.04, taking into account the weighted average price. Following the successful transaction completion, the executive now directly owns 680,606 shares of the company, which, when added together, have a current market value of approximately $5,472,072.24.
The disclosure about the purchase can be found in this particular location. Corporate insiders were responsible for the sale of 34,491 shares of company stock during the most recent fiscal quarter, which resulted in total revenue of $271,782.40.
The company’s insiders own the shares of stock to the extent of 52%.
Over the past few months, several hedge funds and institutional investors have altered how they are currently holding OLO to better suit their investment strategies.
A brand new investment of $29,000 was made in OLO by Lazard Asset Management LLC during the final three months of the year 2018.
A total of 41.7% more OLO was added to Wyoming’s holdings during the period covered by the fourth quarter. Following the acquisition of an additional 1,566 shares during the period, the State of Wyoming now has 5,317 shares of the company’s stock, currently valued at $33,000.
This brings the total number of shares owned by the state to 5,317.
During the final three months of 2018, Clear Street Markets LLC acquired a new position in OLO for $40,000.
During the final three months of 2018, Janney Montgomery Scott LLC made a new investment totaling approximately $63,000 by purchasing it from OLO.
And finally, during the third quarter, Point72 Hong Kong Ltd established a new stake in OLO shares with a value of approximately $64,000 in the market.
Institutional investors and hedge funds own most of the company’s stock, which accounts for 80.93 percent of the total.
Olo INC’s software-as-a-service platform is available to restaurants in the United States with multiple locations, and those restaurants can benefit from using the platform.
The company’s technology makes on-demand commerce operations possible, such as digital ordering and delivery; it accomplishes this by utilizing ordering modules accessible via the internet and mobile devices.
These modules allow customers to place orders. Order Management is one of its modules.
It is an on-demand digital commerce and channel management solution that enables customers to place orders directly with restaurants and make payments using mobile, web, kiosk, voice, and other digital channels.
This functionality is made possible because order management is one of its modules.
Delivery Enablement is another one of its modules, and it is a network aggregator and channel management solution that enables restaurants to offer, manage, and expand direct delivery as well as offer, control, and syndicate menus, pricing, and other information.
These capabilities are all made possible through the Delivery Enablement module.
These two elements can be found in the.