Olo Inc (NYSE: OLO) is 33.57% higher on its value in year-to-date trading and has touched a low of $4.20 and a high of $8.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OLO stock was last observed hovering at around $7.55 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $7.64, the stock is 2.70% and 22.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 1.19% at the moment leaves the stock 45.84% off its SMA200. OLO registered 31.27% gain for a year compared to 6-month gain of 71.30%. The firm has a 50-day simple moving average (SMA 50) of $6.1984 and a 200-day simple moving average (SMA200) of $5.2282.
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The stock witnessed a 17.54% loss in the last 1 month and extending the period to 3 months gives it a 47.78%, and is -0.13% 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 4.90% over the week and 4.48% over the month.
Olo Inc (OLO) has around 683 employees, a market worth around $1.25B and $271.87M in sales. Fwd P/E is 27.45. Profit margin for the company is -5.89%. Distance from 52-week low is 81.90% and -6.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.36%).
with sales reaching $72.75M over the same period.The EPS is expected to grow by 52.22% this year, but quarterly earnings will post 23.36% year-over-year. Quarterly sales are estimated to grow 15.47% in year-over-year returns.
256.0 institutions hold shares in Olo Inc (OLO), with institutional investors hold 84.77% of the company’s shares. The shares outstanding are 111.28M, and float is at 106.10M with Short Float at 2.42%. Institutions hold 82.57% of the Float.
The top institutional shareholder in the company is RAINE CAPITAL LLC with over 32.22 million shares valued at $142.41 million. The investor’s holdings represent 19.8499 of the OLO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.62 million shares valued at $60.22 million to account for 8.3934 of the shares outstanding. The other top investors are BROWN CAPITAL MANAGEMENT LLC which holds 10.89 million shares representing 6.7071 and valued at over $48.12 million, while BLACKROCK INC. holds 6.5408 of the shares totaling 10.62 million with a market value of $46.93 million.
Olo Inc (OLO) Insider Activity
The most recent transaction is an insider sale by Lambert Joanna G, the company’s Chief Operating Officer. SEC filings show that Lambert Joanna G sold 25,372 shares of the company’s common stock on Dec 06 ’24 at a price of $7.33 per share for a total of $0.19 million. Following the sale, the insider now owns 0.69 million shares.
Olo Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Manning Sherri (Chief People Officer) sold a total of 4,162 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $7.33 per share for $30516.0. Following the transaction, the insider now directly holds 0.24 million shares of the OLO stock.
Still, SEC filings show that on Dec 06 ’24, Benevides Peter J. (Chief Financial Officer) disposed off 16,745 shares at an average price of $7.33 for $0.12 million. The insider now directly holds 544,343 shares of Olo Inc (OLO).
