Tower Research Capital LLC TRC Buys 28,862 Shares of Olo Inc. (NYSE:OLO)

Tower Research Capital LLC TRC increased its stake in shares of Olo Inc. (NYSE:OLO) by 404.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,000 shares of the company’s stock after acquiring an additional 28,862 shares during the period. Tower Research Capital LLC TRC’s holdings in OLO were worth $276,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tandem Financial LLC acquired a new stake in OLO in the 4th quarter valued at about $26,000. Global Retirement Partners LLC acquired a new stake in shares of OLO in the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. bought a new position in shares of OLO during the 4th quarter worth approximately $35,000. Envestnet Asset Management Inc. acquired a new position in shares of OLO during the 4th quarter worth approximately $80,000. Finally, Franklin Resources Inc. bought a new stake in OLO in the 4th quarter valued at $81,000. 93.40% of the stock is owned by institutional investors and hedge funds.

OLO Trading Up 2.5 %

Shares of OLO opened at $7.30 on Friday. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The firm’s 50 day moving average is $6.29 and its 200-day moving average is $6.72. The stock has a market capitalization of $1.21 billion, a PE ratio of -72.99 and a beta of 1.42.

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

Wall Street Analyst Weigh In

OLO has been the subject of a number of research analyst reports. StockNews.com cut shares of OLO from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of OLO in a research note on Wednesday, January 8th.

About OLO

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.