Olo Inc. (NYSE: OLO) stock jumped 2.10% on Monday to $5.84 against a previous-day closing price of $5.72. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $5.86 whereas the lowest price it dropped to was $5.62. The 52-week range on OLO shows that it touched its highest point at $9.55 and its lowest point at $5.63 during that stretch. It currently has a 1-year price target of $10.50. Beta for the stock currently stands at 1.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OLO was down-trending over the past week, with a drop of -4.26%, but this was down by -10.15% over a month. Three-month performance dropped to -18.09% while six-month performance fell -22.24%. The stock lost -27.81% in the past year, while it has lost -6.56% so far this year. A look at the trailing 12-month EPS for OLO yields -0.33 with Next year EPS estimates of 0.18. For the next quarter, that number is 0.04. This implies an EPS growth rate of 16.60% for this year and 18.18% for next year.
Float and Shares Shorts:
At present, 162.32 million OLO shares are outstanding with a float of 104.34 million shares on hand for trading. On Aug 30, 2023, short shares totaled 9.11 million, which was 5.58% higher than short shares on Jul 30, 2023. In addition to Mr. Noah Herbert Glass as the firm’s Founder, CEO & Director, Mr. Peter J. Benevides serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 93.88% of OLO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.99% of OLO, in contrast to 47.37% held by mutual funds. Shares owned by individuals account for 42.33%. As the largest shareholder in OLO with 14.98% of the stake, Brown Capital Management LLC holds 16,227,945 shares worth 16,227,945. A second-largest stockholder of OLO, Kayne Anderson Rudnick Investment, holds 11,830,741 shares, controlling over 10.92% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OLO, holding 11,135,534 shares or 10.28% stake. With a 8.93% stake in OLO, the Brown Capital Management – Small is the largest stakeholder. A total of 9,676,684 shares are owned by the mutual fund manager. The Virtus KAR Small Cap Growth Fund, which owns about 7.76% of OLO stock, is the second-largest Mutual Fund holder. It holds 8,407,821 shares valued at 54.23 million. Vanguard Total Stock Market ETF holds 2.83% of the stake in OLO, owning 3,067,735 shares worth 19.79 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, OLO reported revenue of $45.60M and operating income of -$11.93M. The EBITDA in the recently reported quarter was -$10.43M and diluted EPS was -$0.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OLO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OLO analysts setting a high price target of $12.00 and a low target of $9.00, the average target price over the next 12 months is $10.50. Based on these targets, OLO could surge 105.48% to reach the target high and rise by 54.11% to reach the target low. Reaching the average price target will result in a growth of 79.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded OLO stock several times over the past three months with 5 Buys and 2 Sells. In these transactions, 685,745 shares were bought while 40,016 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 1,811,904 while 236,266 shares were sold.
