Landscape Capital Management L.L.C. Boosts Position in Olo Inc. (NYSE:OLO)

Landscape Capital Management L.L.C. boosted its position in Olo Inc. (NYSE:OLO) by 28.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 413,076 shares of the company’s stock after purchasing an additional 90,449 shares during the period. Landscape Capital Management L.L.C. owned about 0.25% of OLO worth $3,172,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of OLO by 5.1% in the fourth quarter. Arizona State Retirement System now owns 30,358 shares of the company’s stock worth $233,000 after buying an additional 1,464 shares during the last quarter. Tandem Financial LLC purchased a new position in shares of OLO during the 4th quarter worth $26,000. Global Retirement Partners LLC purchased a new position in shares of OLO during the 4th quarter worth $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of OLO in the 4th quarter worth $35,000. Finally, Amundi increased its stake in shares of OLO by 93.0% in the 4th quarter. Amundi now owns 14,740 shares of the company’s stock worth $112,000 after purchasing an additional 7,101 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $8.00 price target on shares of OLO in a research report on Wednesday, January 8th. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada increased their price objective on shares of OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd.

OLO Stock Performance

OLO stock opened at $5.85 on Friday. Olo Inc. has a one year low of $4.20 and a one year high of $8.35. The firm has a market cap of $971.53 million, a PE ratio of -58.51 and a beta of 1.41. The firm’s 50 day moving average price is $6.75 and its 200-day moving average price is $6.51.

OLO (NYSE:OLO) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The business had revenue of $76.07 million for the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.

OLO Profile

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.