Olo Inc (NYSE: OLO) is -7.87% lower on its value in year-to-date trading and has touched a low of $4.20 and a high of $6.84 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 $5.28 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $5.27, the stock is 5.41% and 12.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.3 million and changing -0.19% at the moment leaves the stock 3.13% off its SMA200. OLO registered -19.66% loss for a year compared to 6-month loss of -11.73%.
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The stock witnessed a 9.79% gain in the last 1 month and extending the period to 3 months gives it a 6.68%, and is 3.13% up 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 3.29% over the week and 3.80% over the month.
Olo Inc (OLO) has around 683 employees, a market worth around $854.32M and $257.81M in sales. Fwd P/E is 22.27. Profit margin for the company is -9.36%. Distance from 52-week low is 25.48% and -22.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.60%).
The EPS is expected to grow by 36.67% this year.
Olo Inc (OLO) Top Institutional Holders
257.0 institutions hold shares in Olo Inc (OLO), with institutional investors hold 113.83% of the company’s shares. The shares outstanding are 108.47M, and float is at 104.71M with Short Float at 2.07%. Institutions hold 111.31% of the Float.
The top institutional shareholder in the company is RAINE CAPITAL LLC with over 32.22 million shares valued at $$176.89 million. The investor’s holdings represent 19.6535 of the OLO Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 12.74 million shares valued at $$69.94 million to account for 7.7707 of the shares outstanding. The other top investors are BROWN CAPITAL MANAGEMENT LLC which holds 12.04 million shares representing 7.3425 and valued at over $$66.09 million, while KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC holds 6.5303 of the shares totaling 10.71 million with a market value of $$58.78 million.
Olo Inc (OLO) Insider Activity
The most recent transaction is an insider sale by Panama Diego,the company’sChief Revenue Officer. SEC filings show that Panama Diego sold 9,392 shares of the company’s common stock on Jun 06 ’24 at a price of $4.52 per share for a total of $42440.0. Following the sale, the insider now owns 0.58 million shares.
Olo Inc disclosed in a document filed with the SEC on Jun 06 ’24 that Glass Noah H. (CEO) sold a total of 10,155 shares of the company’s common stock. The trade occurred on Jun 06 ’24 and was made at $4.52 per share for $45877.0. Following the transaction, the insider now directly holds 0.32 million shares of the OLO stock.
Still, SEC filings show that on Jun 06 ’24, Benevides Peter J. (Chief Financial Officer) disposed off 10,259 shares at an average price of $4.52 for $46343.0. The insider now directly holds 424,933 shares of Olo Inc (OLO).
