Green Square Capital Advisors LLC Grows Position in Olo Inc. (NYSE:OLO)

Green Square Capital Advisors LLC boosted its stake in shares of Olo Inc. (NYSE:OLOGet Rating) by 132.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,439 shares of the company’s stock after purchasing an additional 20,192 shares during the period. Green Square Capital Advisors LLC’s holdings in OLO were worth $470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its position in shares of OLO by 43.6% in the first quarter. Advisor Group Holdings Inc. now owns 13,657 shares of the company’s stock valued at $182,000 after acquiring an additional 4,144 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of OLO by 21.9% in the first quarter. Envestnet Asset Management Inc. now owns 43,946 shares of the company’s stock valued at $582,000 after acquiring an additional 7,888 shares in the last quarter. Versor Investments LP purchased a new position in shares of OLO in the first quarter valued at about $448,000. Arizona State Retirement System purchased a new position in shares of OLO in the first quarter valued at about $184,000. Finally, FDx Advisors Inc. lifted its position in shares of OLO by 86.0% in the first quarter. FDx Advisors Inc. now owns 22,200 shares of the company’s stock valued at $294,000 after acquiring an additional 10,264 shares in the last quarter. 75.26% of the stock is currently owned by hedge funds and other institutional investors.

OLO Stock Performance

OLO opened at $10.60 on Thursday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -58.89 and a beta of 1.18. The stock’s 50 day moving average price is $10.60 and its 200-day moving average price is $12.67. Olo Inc. has a one year low of $8.11 and a one year high of $49.00.

OLO (NYSE:OLOGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). OLO had a negative net margin of 17.52% and a negative return on equity of 3.09%. The business had revenue of $42.80 million for the quarter, compared to the consensus estimate of $41.66 million. During the same period in the prior year, the company posted ($0.01) EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, analysts predict that Olo Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OLO shares. Piper Sandler decreased their target price on OLO from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. StockNews.com downgraded OLO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. JPMorgan Chase & Co. decreased their target price on OLO from $26.00 to $21.00 in a research report on Friday, June 17th. Finally, William Blair reiterated an “outperform” rating on shares of OLO in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.60.

Insider Buying and Selling

In related news, CEO Noah H. Glass sold 3,726 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $10.87, for a total value of $40,501.62. Following the transaction, the chief executive officer now owns 142,051 shares of the company’s stock, valued at $1,544,094.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other OLO news, insider Marty D. Hahnfeld sold 21,836 shares of the company’s stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $10.53, for a total transaction of $229,933.08. Following the completion of the sale, the insider now owns 603,292 shares in the company, valued at $6,352,664.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Noah H. Glass sold 3,726 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $10.87, for a total value of $40,501.62. Following the sale, the chief executive officer now owns 142,051 shares of the company’s stock, valued at approximately $1,544,094.37. The disclosure for this sale can be found here. Insiders have sold a total of 29,655 shares of company stock valued at $314,926 over the last quarter.

About OLO

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Olo Inc provides software-as-a-service platform for multi-location restaurants in the United States. The company's platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Order Management, an on-demand digital commerce and channel management solutions that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; and Delivery Enablement, a fulfillment network, as well as a network aggregator and channel management solution, which enables restaurants to offer, manage, and expand direct delivery, as well as allows restaurants to control and syndicate menu, pricing, location data, and availability, while directly integrating and optimizing orders from third-parties into the restaurants' point-of-sale and systems.

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Institutional Ownership by Quarter for OLO (NYSE:OLO)

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