Olo Inc. (NYSE:OLO) saw unusually large options trading on Wednesday. Stock investors purchased 1,245 put options on the company. This represents an increase of approximately 1,456% compared to the typical volume of 80 put options.
Shares of NYSE:OLO opened at $41.23 on Friday. The business’s fifty day moving average is $30.30. OLO has a 52-week low of $22.88 and a 52-week high of $44.89.
OLO (NYSE:OLO) last announced its quarterly earnings results on Tuesday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $36.12 million for the quarter, compared to analyst estimates of $31.59 million. Research analysts predict that OLO will post -0.07 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group began coverage on OLO in a report on Monday, April 12th. They set a “neutral” rating and a $28.00 price objective for the company. Piper Sandler began coverage on OLO in a research note on Monday, April 12th. They issued an “overweight” rating and a $35.00 price target for the company. JPMorgan Chase & Co. began coverage on OLO in a research note on Monday, April 12th. They issued an “overweight” rating and a $36.00 price target for the company. Royal Bank of Canada began coverage on OLO in a research note on Monday, April 19th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, Truist Securities began coverage on shares of OLO in a research report on Monday, April 12th. They set a “buy” rating and a $34.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $32.00.
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 Ordering, an on-demand commerce solution that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; Dispatch, a fulfillment solution, which enables restaurants to offer, manage, and expand direct delivery; and Rails, an aggregator and channel management solution, which allows restaurants to control and syndicate menu, pricing, location data, and availability.
See Also: Pattern Day Trader
Receive News & Ratings for OLO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OLO and related companies with MarketBeat.com's FREE daily email newsletter.