Olo Inc (NYSE: OLO) is -4.90% lower on its value in year-to-date trading and has touched a low of $4.25 and a high of $8.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OLO stock was last observed hovering at around $5.41 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.44, the stock is -6.27% and -0.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing 0.55% at the moment leaves the stock -9.17% off its SMA200. OLO registered -26.88% loss for a year compared to 6-month loss of -4.90%. The firm has a 50-day simple moving average (SMA 50) of $2.35 and a 200-day simple moving average (SMA200) of -$11.29.
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The stock witnessed a -2.68% gain in the last 1 month and extending the period to 3 months gives it a -3.37%, and is -2.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.75% over the week and 4.71% over the month.
Olo Inc (OLO) has around 683 employees, a market worth around $880.74M and $228.29M in sales. Fwd P/E is 23.92. Profit margin for the company is -25.53%. Distance from 52-week low is 28.00% and -38.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.76%).
Olo Inc quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $64.29M over the same period.The EPS is expected to grow by 29.41% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 23.10% in year-over-year returns.
243 institutions hold shares in Olo Inc (OLO), with institutional investors hold 90.79% of the company’s shares. The shares outstanding are 108.47M, and float is at 101.83M with Short Float at 3.02%. Institutions hold 88.11% of the Float.
The top institutional shareholder in the company is Raine Capital Llc with over 32.22 million shares valued at $208.14 million. The investor’s holdings represent 29.73% of the OLO Shares outstanding. As of Jun 29, 2023, the second largest holder is Brown Capital Management, LLC with 16.23 million shares valued at $104.83 million to account for 14.97% of the shares outstanding. The other top investors are Kayne Anderson Rudnick Investment Management LLC which holds 11.83 million shares representing 10.92% and valued at over $76.43 million, while Vanguard Group Inc holds 10.48% of the shares totaling 11.35 million with a market value of $73.35 million.
Olo Inc (OLO) Insider Activity
The most recent transaction is an insider sale by Benevides Peter J., the company’s Chief Financial Officer. SEC filings show that Benevides Peter J. sold 18,885 shares of the company’s common stock on Mar 06 ’24 at a price of $5.60 per share for a total of $0.11 million. Following the sale, the insider now owns 0.44 million shares.
Olo Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Glass Noah H. (CEO) sold a total of 16,571 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $5.60 per share for $92718.0. Following the transaction, the insider now directly holds 0.33 million shares of the OLO stock.
Still, SEC filings show that on Mar 06 ’24, Panama Diego (Chief Revenue Officer) disposed off 13,252 shares at an average price of $5.59 for $74109.0. The insider now directly holds 632,806 shares of Olo Inc (OLO).
