OLO (NYSE:OLO) Releases Earnings Results, Misses Expectations By $0.06 EPS

OLO (NYSE:OLO) issued its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. OLO had a positive return on equity of 0.34% and a negative net margin of 5.89%. OLO updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

OLO Stock Performance

Shares of OLO stock opened at $6.59 on Wednesday. The company has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $6.30. The stock has a market capitalization of $1.08 billion, a PE ratio of -65.84 and a beta of 1.41. OLO has a 52-week low of $4.20 and a 52-week high of $8.35.

Analysts Set New Price Targets

A number of brokerages have weighed in on OLO. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Royal Bank of Canada upped their price target on OLO from $8.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $8.00 price objective 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.