The Attractiveness of Investing In Olo Inc. (OLO) is Growing

Olo Inc.’s filing revealed that its Chief Customer Officer Hahnfeld Marty D. unloaded Company’s shares for reported $0.19 million on Jun 29. In the deal valued at $10.08 per share,19,325 shares were sold. As a result of this transaction, Hahnfeld Marty D. now holds 603,292 shares worth roughly $ 6.64 million.

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Then, Hahnfeld Marty D. sold 21,836 shares, generating $230,012 in total proceeds. Upon selling the shares at $10.53, the Chief Customer Officer now owns 603,292 shares.

Before that, Hahnfeld Marty D. sold 19,325 shares. Olo Inc. shares valued at $206,787 were divested by the Chief Customer Officer at a price of $10.70 per share. As a result of the transaction, Hahnfeld Marty D. now holds 603,292 shares, worth roughly $6.64 million.

Stifel upgraded its Olo Inc. [OLO] rating to a Buy from a a Hold in a research note published on Monday, August 11, 2021; the price target was increased to $41 from $27. PT values the company’s stock at a premium of 73.17 to its Monday closing price. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Truist began covering OLO with “Buy” recommendation on April 12, 2021. Stifel started covering the stock on April 12, 2021. It rated OLO as “a Hold”.

Price Performance Review of OLO

On Monday, Olo Inc. [NYSE:OLO] saw its stock jump 2.71% to $11.00. On the same session, the stock had its day’s lowest price of $10.35, but rose to a high of $11.09. Over the last five days, the stock has lost -6.78%. Olo Inc. shares have fallen nearly -47.14% since the year began. Nevertheless, the stocks have fallen -68.63% over the past one year. While a 52-week high of $49.00 was reached on 01/04/22, a 52-week low of $8.11 was recorded on 05/11/22. SMA at 50 days reached $10.61, while 200 days put it at $16.37. A total of 3.57 million shares were traded, compared to the trading of 0.86 million shares in the previous session.

Levels Of Support And Resistance For OLO Stock

The 24-hour chart illustrates a support level at 10.54, which if violated will result in even more drops to 10.07. On the upside, there is a resistance level at 11.28. A further resistance level may holdings at 11.55. The Relative Strength Index (RSI) on the 14-day chart is 51.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.84%. Stochastics %K at 40.69% indicates the stock is a holding.

Olo Inc. [OLO] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 9,600,149 shares, or roughly 10.53% of the outstanding OLO shares. In other words, the investor’s shares have risen by 1,975,221 from its previous 13-F filing of 7624928.0. Additionally, Brown Capital Management LLC increased 72.31% of its stake after which the total value it holdings stand at $82,657,618, while The Vanguard Group, Inc. added 35.28% of its stake to hold $63.45 million in the firm. Over the last quarter, Capital Research & Management Co sold 0 shares of Olo Inc., while Nine Ten Capital Management LLC sold 1,641,735 shares. At present, Allspring Global Investments LLC is holding 3,925,539 shares valued at $38.75 million. Tiger Global Management LLC owned 3,613,044 shares of the company at the time of its most recent 13F filing, worth $35.66 million.

According to FactSet, Olo Inc.’s share price will average $17.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 58.73 percent from its previous closing price of $10.71. Analysts expect Olo Inc. stock to reach the higher price of $25.00, while the lowest price estimate is $12.00. However, 6 analysts have rated OLO stock as a Buy in their predictions for 2022. The most recent change occurred on April 12, 2021 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $32 price target.


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