OLO (NYSE:OLO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OLO (NYSE:OLO) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Separately, Lake Street Capital lifted their price target on OLO from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 9th.

OLO Trading Down 0.7%

Shares of NYSE OLO opened at $8.74 on Thursday. OLO has a 12-month low of $4.20 and a 12-month high of $9.78. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -87.39 and a beta of 1.41. The stock’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $7.09.

OLO (NYSE:OLO) last issued its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. The firm had revenue of $80.68 million for the quarter, compared to analyst estimates of $77.47 million. During the same period last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, equities analysts forecast that OLO will post -0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OLO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tandem Financial LLC acquired a new stake in shares of OLO in the 4th quarter worth approximately $26,000. Global Retirement Partners LLC bought a new stake in OLO during the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in OLO in the fourth quarter worth approximately $35,000. SMI Advisory Services LLC acquired a new stake in OLO in the first quarter worth approximately $62,000. Finally, Calamos Advisors LLC bought a new position in OLO during the 1st quarter valued at $63,000. Institutional investors own 93.40% of the company’s stock.

OLO Company Profile

Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY.