During the last session, Olo Inc. (NYSE:OLO)’s traded shares were 1.65 million. At the end of the trading day, the stock’s price was $9.41, reflecting an intraday loss of -1.67% or -$0.16. The 52-week high for the OLO share is $49.00, that puts it down -420.72 from that peak though still a striking 13.82% gain since the share price plummeted to a 52-week low of $8.11. The company’s market capitalization is $1.38B, and the average intraday trading volume over the past 10 days was 1.66 million shares, and the average trade volume was 1.51 million shares over the past three months.
Olo Inc. (OLO) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. OLO has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Olo Inc. (NYSE:OLO) trade information
Olo Inc. (OLO) registered a -1.67% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.67% in intraday trading to $9.41 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 2.62%, and it has moved by -15.61% in 30 days. Based on these gigs, the overall price performance for the year is -73.53%.
The consensus price target of analysts on Wall Street is $17.80, which implies an increase of 47.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.00 and $25.00 respectively. As a result, OLO is trading at a discount of -165.67% off the target high and -27.52% off the low.
Olo Inc. (OLO) estimates and forecasts
Statistics show that Olo Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Olo Inc. (OLO) shares have gone down -56.15% during the last six months, with a year-to-date growth rate less than the industry average at -58.33% against 4.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -100.00% this quarter and then drop -66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 30.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $42.76 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $45.82 million by the end of Jun 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $36.12 million and $34.17 million respectively. In this case, analysts expect current quarter sales to grow by 18.40% and then jump by 34.10% in the coming quarter.
While earnings are projected to return -66.70% in 2022.
Olo Inc. is due to release its next quarterly earnings on November 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Olo Inc. (NYSE:OLO)’s Major holders
Olo Inc. insiders own 2.88% of total outstanding shares while institutional holders control 85.37%, with the float percentage being 87.90%. Raine Capital Llc is the largest shareholder of the company, while 193 institutions own stock in it. As of Dec 30, 2021, the company held over 32.22 million shares (or 35.35% of all shares), a total value of $670.51 million in shares.
The next largest institutional holding, with 7.62 million shares, is of Wellington Management Group, LLP’s that is approximately 8.37% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $158.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of Olo Inc. (OLO) shares are Brown Capital Management Small Company Fund and Smallcap World Fund. Data provided on Mar 30, 2022 indicates that Brown Capital Management Small Company Fund owns about 4.63 million shares. This amounts to just over 5.08 percent of the company’s overall shares, with a $61.32 million market value. The same data shows that the other fund manager holds slightly less at 3.87 million, or about 4.25% of the stock, which is worth about $80.55 million.